Further renaming of operating Departments of the BSP's Supervision and Examination Sector

CIRCULAR LETTER Series of 2003

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

The Monetary Board, in its Resolution No. 1681 dated November 21, 2002, approved the further renaming of the following Supervision and Examination Sector (SES) operating Departments effected November 21, 2002:

FROM TO

Banking Group Department I (BGD I) Supervision and Examination (SE) Department I

Banking Group Department II (BGD II) Supervision and Examination (SE) Department II

Mid-sized Banks and Non-Banks Department (MBNBD) Supervision and Examination (SE) Department III

Rural, Cooperative and Microfinance Banks Department (RCMBD) Supervision and Examination (SE) Department IV

For your information and guidance.

ALBERTO V. REYES Deputy Governor