Philippine Bank of Communications- Upgrade to a Universal Bank License
File/Ref. No. FSD2-202208-0031e-O-PBCOM OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2022-___ 083 To : All BSP-Supervised Financial Institutions Subject : Philippine Bank of Communications- Upgrade to a Universal Bank License The Monetary Board, in its Resolution No. 96 dated 20 January 2022, approved the application of Philippine Bank of Communications (PBCOM) to upgrade its banking license from a commercial bank to a universal bank under the same corporate name. The Securities and Exchange Commission approved on 17 August 2022 the amended Articles of Incorporation bearing the universal banking license. The corresponding Certificate of Authority to Operate as a universal bank was signed by the Bangko Sentral Governor on 29 September 2022. PBCOM commenced its operations as a universal bank on 01 December 2022. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2022.12.06 14:55:09 +08'00' CHUCHI G. FONACIER Deputy Governor 06 December 2022 FSS Licensing Form No. 02-019 * Version 0 * Updated 10 June 2022
More in BSP Circular Letters
- Updated Validation Rules of the BSP for the Financial Reporting Package(BSP Circular Letter No. CL-2015-057)
- Anti-Money Laundering Council (AMLC) Reminder for DIGICUR Compliance Deadline(BSP Circular Letter No. CL-2021-063)
- MB Resolution No. 1317 dated 28 July 2016 Closure and Prohibition of the Rural Bank of Cabadbaran (Agusan), Inc. From Doing Business in the Philippines(BSP Circular Letter No. CL-2016-063)
- Anti-Money Laundering Council (AMLC) Advisory on the List of Uncooperative Covered Persons under the Anti-Money Laundering Act of 2001 (AMLA), as amended(BSP Circular Letter No. CL-2021-079)
- Lost Bangko Sentral Registration Document (BSRD)(BSP Circular Letter No. CL-2018-034)
- Foreign banks which were granted authorities to operate each a branch with full banking authority(BSP Circular Letter No. CL10111995)
- Electronic Transmission of the Report on Compliance with the Mandatory Credit Allocation With Small And Medium Enterprise(BSP Circular Letter No. CL01042001)
- ALL ASIACAPITAL & TRUST CORPORATION authorized to adopt new corporate name(BSP Circular Letter No. CL07112002)
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.