Revocation of License to Operate as a Non-Stock Savings and Loan Association of Batanes Government Employees Savings and Loan Association, Inc.
FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR 031 CIRCULAR LETTER NO. CL-2023-__ To : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS Subject : Revocation of License to Operate as a Non-Stock Savings and Loan Association of Batanes Government Employees Savings and Loan Association, Inc. The Monetary Board, in its Resolution No. 252.A dated 23 February 2023, approved the revocation of the license of BATANES GOVERNMENT EMPLOYEES SAVINGS AND LOAN ASSOCIATION, INC. to operate as a non-stock savings and loan association, pursuant to Section 22 of Republic Act No. 8367, otherwise known as the “Revised Non-Stock Savings and Loan Association Act of 1997” and the rules and regulations promulgated thereunder. . For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2023.05.22 11:08:22 +08'00' CHUCHI G. FONACIER Deputy Governor 22 May 2023
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