Purchase of All Assets and Assumption of All Liabilities of Bataan Savings and Loan Bank (BSLA) by Philippine Business Bank, Inc., A Savings Bank, and Revocation of Banking License of BSLA

EIANGKO SENTRAL NG PII.IPINAS OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCULAR LETTER NO. CL -20L7 - 067 To All BSP Supervised Financial lnstitutions and BSP Supervised Non-Bank Financial Institutions Subject : Purchase of All Assets and Assumption of All Liabilities of Bataan Savings and Loan Bank (BSLA) by Philippine Business Bank, Inc., A Savings Bank, and Revocation of Banking License of BSLA The Monetary Board, in its Resolution No. 1L46 dated 5 July 20L7, approved the purchase of all assets and assumption of all liabilities (P&A) of Bataan Savings and Loan Bank by Philippine Business Bank, Inc., A Savings Bank. Effective upon the closure of the P&A transaction on 16 October 20L7, the license to operate as a thrift bank of Bataan Savings and Loan Bank is deemed revoked. For information and guidance. t//t1r44.N . CHIG. FONACIER eputy Governor 7o october ZoLl A. Mabini st., Malate 1004 Manila, Philippines c (63217o8-77o1 . www.bsp.gov.ph . [email protected]