MB Resolution No. 1332.A dated 16 August 2018 Prohibition of the Rural Bank of Luna (Apayao), Inc. from Doing Business in the Philippines

BANOKO SEI\TNAL NG PILIPINAS OFFICE OF THE DEPUTY GOVERNOR . FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL - 2018 - 062 To AtL BANKS AND NON.BANK FINANCIAT INSTITUTIONS Subject : MB Resolution No. 1332.A dated 16 August 2018 Prohibition of the Rural Bank of Luna (Apayao), Inc. From Doing Business in the Philippines Notice is hereby given that the Monetary Board, in its Resolution No. 1332.A dated 16 August 2018, decided to prohibit the Rural Bank of Luna (Apayao), lnc., from doing business in the Philippines pursuant to Section 30 of Republic Act (R.A.) No. 7553 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver with a directive to proceed with the takeover and liquidation of the aforementioned rural bank in accordance with Section 12 (a) of R.A. No. 3591 (PDIC Charter), as amended. For information and guidance. G. FONACIER 16 August 2018 A. Mabini St., Malate1004 Manila. Philippines . {63?i 7A8-77$1.. www.bsp.gov.ph . [email protected]:v.ph