MB Resolution No. 1002.A dated 09 June 2016 - Placement of the New Rural Bank of Binalbagan (Negros Occ.), Inc. Under Receivership

E]ANCKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR crRcur-AR LETTER NO. CL- 2016 - !{1 To ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 1002.A dated 09 June 2015 Placement of the New Rural Bank of Binalbagan (Negros Occ.), lnc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 1002.A dated 09 June 2016, decided to prohibit the New Rural Bank of Binalbagan (Negros Occ.), Inc., from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of Republic Act (R.A.) No. 7653 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. ESTOR A. TFPENTLTA, Deputy Governor 09 June 2015 A. Mabini 5t., Malate 1004 Manila, Phillppines . {632) 708-7701.. www.bsp.gov.ph . [email protected]