MB Resolution No. 1455.A dated 28 October 2021 Prohibition of the Kaluyagan Rural Bank, Inc. From Doing Business in the Philippines

BANGKO SENTRAL NG PILIPINAS CIRCULAR LETTEFI NO. CL-2O21-O82 OFFICE OF THE DEPUW GOVERNOR FINANCIAL SUPERVISION SECTOR To : ALL BANKSAND NON-BANK FINANCIAL INSTITUTIONS Subject : MB Resolutlon No.l455A dated 2E October2otA Prohlbltlon of the Kaluyagan Rural Bank,Inc. From Dolng Buelneee In the Phlllpplnes Notice is hereby given that the Monetary Board, in its Resolutlon No. 1455.4 dated 28 October 2o.21, decided to prohibit the Kaluyagan Rural BanlG Inc., from doing business in the Philippines pursuant to Section 30 of Republic Act (R.A.) No. 7653 Fhe New Central Bank Act), as amended. The Philippine Deposit Insurance Corporation has been designated as Receiver with a directive to proceed with the takeover and liquidation of the aforementioned rural bank in accordance with Section 12 (a) of R.A. No. 3591 (PDIC Charter), as amended. For information and guidance. 4r-4 G. FONACIER Deputy Governor 28 October 20.21