BSP Circular Letters BSP Circular Letter No. CL-2022-032BSP Circular Letter No. CL-2022-032 2022-04-01T00:00:00.000+08:00

Maya Bank, Inc. – Establishment and Commencement of Operations

CIRCULAR LETTER NO. CL-2022-__ 032 OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR To : All BSP-Supervised Financial Institutions Subject : Maya Bank, Inc. – Establishment and Commencement of Operations The Monetary Board, in its Resolution No. 1229 dated 16 September 2021, approved the application for authority to establish a digital bank to be known as Maya Bank, Inc. (Maya Bank). The Bank was registered with the Securities and Exchange Commission on 17 November 2021. The corresponding Certificate of Authority to Operate as a digital bank was signed by the Bangko Sentral Governor on 4 March 2022 and issued on 8 March 2022. The Bank started its operations as a digital bank on 14 March 2022. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2022.04.01 20:36:12 +08'00' CHUCHI G. FONACIER Deputy Governor __ 01 April 2022

Open the source record ↗

More in BSP Circular Letters

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.