BSP Memoranda BSP MemorandaBSP Memoranda 2002-11-29T00:00:00.000+08:00
To prohibit the Meycauayan Rural Bank (Bulacan), Inc. from doing business in the Philippines
MEMORANDUM Series of 2002
TO : All Banks
Notice is hereby given that the Monetary Board, in its Resolution No. 1738 dated November 28, 2002, approved and confirmed to prohibit the MEYCAUAYAN RURAL BANK (BULACAN), INC. from doing business in the Philippines and that its assets and affairs be 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 aforementioned rural bank.
For information and guidance.
NESTOR A. ESPENILLA, JR. Sector In-Charge
More in BSP Memoranda
- MB Resolution No. 1648 dated 12 December 2008; Placement of the First Interstate Bank (Rural Bank of Kananga, Leyte) Inc. Under Receivership(BSP Memoranda No. M-2008-044)
- BSPD-BSP Official authorized to sign checks(BSP Memoranda No. M08212003)
- Reminder of the Implementation of the Philippine Cooperative Code of 2008 (R.A. 9520) and Circular 682 dated 15 Fenruary 2010(BSP Memoranda No. M-2011-025)
- Single Reserve Week from 18 October to 31 October 2024 and the Corresponding Computation for the Single Reserve Week(BSP Memoranda No. M-2024-034)
- To authorize Ms. Simeona G. LLanes of the Office of the Managing Director, SPC-BSP, to sign checks in accordance with her approved capacity(BSP Memoranda No. M10112001)
- Guidelines on the Submission of Consolidated Statement of Condition (CSOC) and Consolidated Statement of Income and Expenses (CSIE)(BSP Memoranda No. M-2008-008)
- Guidelines on the Electronic Submission of Prescribed Reports to the BSP-Supervision and Examination Sector (SES) through the Supervisory Data Center (SDC)(BSP Memoranda No. M-2017-028)
- Guidelines on the Electronic Submission of the Basel III Leverage Ratio (BLR) Report(BSP Memoranda No. M-2015-026)
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.