BSP Circular Letters BSP Circular LetterBSP Circular Letter 1997-11-28T00:00:00.000+08:00
Establishment and operations of Urbancorp Development Bank, Inc.
CIRCULAR LETTER Series of 1997
To: All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
The Monetary Board, in its Resolution No. 387 dated 8 April 1997 authorized the establishment and operation of URBANCORP DEVELOPMENT BANK, INC. as a thrift bank, located at Ground Floor, Paray Building, Natalio Bacalso Avenue, Cebu City.
The Certificate of Authority to operate was signed by the Governor on 24 October 1997.
The bank started operations on 24 October 1997.
ALBERTO V. REYES Deputy Governor
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