BSP Circular Letters BSP Circular Letter No. CL04031996BSP Circular Letter No. CL04031996 1996-04-03T00:00:00.000+08:00

Establishment and operation of RCBC Savings Bank as a thrift bank

CIRCULAR LETTER Series of 1996

TO : All Banks and Non-Bank Financial Institutions with Quasi-Banking Function

The Monetary Board, in its Resolution No. 140 dated February 8, 1995, authorized the establishment and operation of RCBC Savings Bank as a thrift bank.

The Certificate of Authority to operate was signed/issued by the Governor on February 21, 1996.

The bank started operations on February 27, 1996.

ALBERTO V. REYES Deputy Governor

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