Conversion of License of Philippine Trust Company (Philtrust Bank) from Commercial Bank to Universal Bank
CIRCULAR LETTER NO. CL-2007-042
To : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS
Subject : Conversion of License of Philippine Trust Company (Philtrust Bank) from Commercial Bank to Universal Bank
The Monetary Board, in its Resolution No. 492 dated 26 April 2007, approved the conversion of the license of Philippine Trust Company (Philtrust Bank) from Commercial Bank to Universal Bank.
The certificate of filing of the Amended Articles of Incorporation of Philtrust Bank to operate as Universal Bank, was registered/approved by the Securities and Exchange Commission on 5 June 2007. The Bank has commenced operations as a Universal Bank on 7 August 2007.
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
More in BSP Circular Letters
- Lost Central Bank Registration Document (CBRD)(BSP Circular Letter No. CL-2011-034)
- Adoption of new corporate name of Quezon Coconut Producers Savings and Loan Asscociation, Inc.(BSP Circular Letter No. CL07211995)
- Credit Consciousness Week(BSP Circular Letter No. CL04011997)
- Lost registration documents(BSP Circular Letter No. CL10041993)
- Publication of Statements of Condition (Solo and Consolidated) as of 19 September 2003(BSP Circular Letter)
- Registration of foreign investments(BSP Circular Letter)
- Revised Schedule of Briefings on the Anti-Money Laundering Law and Reporting Procedures(BSP Circular Letter No. CL-2006-034)
- Rural Bank of Baganga (Davao Oriental), Inc. - Change of Corporate Name(BSP Circular Letter No. CL-2009-077)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.