People’s Hawak Kamay Bank, Inc. – A Rural Bank – Establishment and Commencement of Operations

OFFICE OF THE DEPUTY GOVERNOR / FINANCIAL SUPERVISION SECTOR 020 CIRCULAR LETTER NO. CL–2023–____ To : All BSP-Supervised Financial Institutions Subject : People’s Hawak Kamay Bank, Inc. – A Rural Bank – Establishment and Commencement of Operations The Monetary Board, in its Resolution No. 227 dated 9 February 2018 approved the application for authority to establish a rural bank to be known as People’s Hawak Kamay Bank, Inc. – A Rural Bank. The Bank was registered with the Securities and Exchange Commission on 19 October 2019. The corresponding Certificate of Authority to Operate as a rural bank was signed by the Bangko Sentral Governor on 3 February 2023. The Bank started its operations on 1 March 2023. For information and guidance. LYN I. JAVIER Sector-in-Charge ___ 10 March 2023 "