Surrender of License to Operate as an NSSLA of the Baguio Vendors Savings and Loan Association, Inc.
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 057 CIRCULAR LETTER NO. CL-2023-__ 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 Baguio Vendors Savings and Loan Association, Inc. The Monetary Board, in its Resolution No. 1307 dated 5 October 2023, approved the voluntary surrender of license of BAGUIO VENDORS 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, pursuant to Section 181-S of the Manual of Regulations for Non- Bank Financial Institutions (NBFIs). For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2023.10.18 23:32:49 +08'00' CHUCHI G. FONACIER Deputy Governor 18 October 2023 FSS Licensing Form No. 02-019 * Version 0 * Updated 10 June 2022
More in BSP Circular Letters
- Reserve weeks ending December 27 (from December 21 to December 27, 2001) and January 3, 2002 (from December 28, 2001 to January 3, 2002)(BSP Circular Letter No. CL12202001)
- Conversion of License of United Overseas Bank Philippines (UOBP) from Commercial Bank to Thrift Bank(BSP Circular Letter No. CL-2006-020)
- The Bank of New York - Change of Corporate Name(BSP Circular Letter No. CL-2009-001)
- One Network Bank, Inc. (A Rural Bank of BDO) Surrender of Trust License(BSP Circular Letter No. CL-2018-018)
- Bankers Institute of the Philippines, Inc. (BAIPHIL) Training and Development Week(BSP Circular Letter No. CL-2018-013)
- Lost Registration Documents(BSP Circular Letter No. CL01212002)
- Lost Bangko Sentral ng Pilipinas (BSP) Registration Documents(BSP Circular Letter No. CL-2026-015)
- MB Resolution No. 1312.B dated 08 September 2022 Prohibition of the Rural Bank of Galimuyod (Ilocos Sur), Inc. from Doing Business in the Philippines(BSP Circular Letter No. CL-2022-069)
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.