BSP Circular Letters BSP Circular LetterBSP Circular Letter 2004-04-22T00:00:00.000+08:00
Conversion of the First Provincial Development Bank from a thrift bank into a rural bank
CIRCULAR LETTER Series of 2004
TO : All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions
The Monetary Board, in its Resolution No. 131 dated 23 January 2003, approved the conversion of the First Provincial Development Bank from a thrift bank into a rural bank, to be known as the “First Provincial Bank, Inc. (A Rural Bank).
The Certificate of Authority to operate as a rural bank was signed/issued by the Governor on 15 April 2004. For information and guidance.
ALBERTO V. REYES Deputy Governor
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