Surrender of License to Operate as an NSSLA of the Department of Economic Research Savings and Loan Association, Inc.
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2022-070 __ To : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS/ NON-STOCK SAVINGS AND LOAN ASSOCIATIONS (NSSLAs) Subject : Surrender of License to Operate as an NSSLA of the Department of Economic Research Savings and Loan Association, Inc. The Monetary Board, in its Resolution No. 1505 dated 13 October 2022, approved the voluntary surrender of license of the DEPARTMENT OF ECONOMIC RESEARCH SAVINGS AND LOAN ASSOCIATION, INC. to operate as a non-stock savings and loan association, with the end-view to proceed with voluntary dissolution and liquidation. Digitally signed For information and guidance. by Lyn I. Javier Date: 2022.10.19 10:31:49 +08'00' LYN I. JAVIER Sector-in-Charge 19 ___October 2022
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