MB Resolution No. 1336 dated 29 November 2007; Placement of the Rural Bank of Malabon (Metro Manila), Inc. Under Receivership
MEMORANDUM NO. M-2007-036
TO: All Banks and Non-Bank Financial Institutions
Subject: MB Resolution No. 1336 dated 29 November 2007; Placement of the Rural Bank of Malabon (Metro Manila), Inc. Under Receivership
Notice is hereby given that the Monetary Board, in its Resolution No. 1336 dated 29 November 2007 decided to prohibit the RURAL BANK OF MALABON (Metro Manila), INC. from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of R.A. No. 7653.
The Philippines Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank.
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
More in BSP Memoranda
- Amendments to the Reporting Template of Biographical Data(BSP Memoranda No. M-2024-031)
- Extension of Updating of Authorized Agent Banks (AABs) Authorized Signatories and Withdrawal Limit(BSP Memoranda No. M-2023-041)
- Interim Currency Servicing Arrangements at the BSP Cagayan de Oro, General Santos, and Ozamiz Branches(BSP Memoranda No. M-2026-038)
- Submission of Prudential Reports Using Extensible Mark-up Language (XML) format through Application Programming Interface (API)(BSP Memoranda No. M-2023-004)
- Supplemental Capital Adequacy Ratio (CAR) Report on the Temporary Regulatory Relief on the Capital Treatment of Provisioning Requirements under the Philippine Financial Reporting Standard (PFRS) 9(BSP Memoranda No. M-2022-002)
- Capital Adequacy as Additional Component of the Trust Rating System(BSP Memoranda No. M-2015-027)
- MB Resolution No. 872 dated 6 July 2006 Placing the Rural Bank of Malinao (Albay), Inc. Under Receivership(BSP Memoranda No. M-2006-008)
- Notice of Loss of Bangko Sentral ng Pilipinas Check(BSP Memoranda)
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.