HSBC Savings Bank (Philippines) Inc. – Voluntary Surrender of Banking License
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 053 CIRCULAR LETTER NO. CL-2023-___ To : All BSP-Supervised Financial Institutions Subject : HSBC Savings Bank (Philippines) Inc. - Voluntary Surrender of Banking License The Monetary Board, in its Resolution No. 1274 dated 28 September 2023, approved the voluntary surrender by HSBC Savings Bank (Philippines) Inc. (HSBCS) of its banking license to the Bangko Sentral ng Pilipinas. Effective 2 October 2023, HSBCS ceased to operate as a bank. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2023.10.09 15:34:21 +08'00' CHUCHI G. FONACIER Deputy Governor 09 October 2023
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