MB Resolution No. 2003 dated 10 December 2015 - Placement of the Penafancia Rural Bank of Calabanga (Cam. Sur), Inc. Under Receivership

BANGKO SeNrnaL Ne PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCULAR LETTER NO. CL - 2015 . 076 To Att BANKS AND NON.BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 2003 dated 10 December 2015 Placement of the Peffafrancia Rural Bank of Calabanga (Cam. Sur), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 2003 dated 10 December 2015, decided to prohibit the Pefiafrancia Rural Bank of Calabanga (Cam. Sur), Inc., from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of Republic Act (R.A.) No. 7653 (The New Central Bank Act). The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. For information and guidance. 10 December 2015 A. Mabini st., Matare 1004 Manila, phitippines . (6321708-7701 " www.bsp.gov.ph " [email protected]_ph