BSP Circular Letters BSP Circular Letter No. CL01102001ABSP Circular Letter No. CL01102001A 2001-01-10T00:00:00.000+08:00

Second Bulacan Development Bank

CIRCULAR LETTER Series of 2001

TO              :      All Banks

The Monetary Board in its Resolution No. 2094 dated November 29, 2000 prohibited SECOND BULACAN DEVELOPMENT BANK from doing business in the Philippines and its assets and affairs placed under receivership in accordance with Section 30 of R.A. No. 7653.  The Philippine Deposit Insurance Corporation has been designated as receiver of the bank.

For your information and guidance

ALBERTO V. REYES Deputy Governor

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