Merger of LBP Leasing and Finance Corporation and UCPB Leasing and Finance Corporation
File/Ref. No. FSD VIII-2025-03-0119a-FSD8-M-ODG OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION DEPARTMENT VIII 014 CIRCULAR LETTER NO. CL-2025-___ To : All BSP-Supervised Financial Institutions Subject : Merger of LBP Leasing and Finance Corporation and UCPB Leasing and Finance Corporation The Securities and Exchange Commission (SEC) approved on 28 February 2025 the Articles of Merger and the Plan of Merger executed on 11 December 2024 and 18 October 2024, respectively, by and between LBP Leasing and Finance Corporation (LBPLC), surviving corporation, and UCPB Leasing and Finance Corporation (ULFC), absorbed corporation, whereby the entire assets and liabilities of ULFC will be transferred to and absorbed by LBPLC. The merger took effect on 01 March 2025. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2025.03.26 13:27:51 +08'00' CHUCHI G. FONACIER Deputy Governor 26 March 2025 ___ FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024
More in BSP Circular Letters
- NEDA-Approved Revised Rules and Regulations Further Simplifying Export Procedures and Documentation(BSP Circular Letter)
- Change of corporate name of Westmont Bank to United Overseas Bank Philippines(BSP Circular Letter)
- Financial Action Task Force (FATF) Publications – 13 February 2026(BSP Circular Letter No. CL-2026-017)
- Approved Applications for New Banking Offices and Opened Banking Offices During the 2nd Quarter of 2018(BSP Circular Letter No. CL-2018-068)
- Bilateral Payment Arrangement (BPA) between the Bangko Sentral ng Pilipinas and Bank Negara Malaysia(BSP Circular Letter No. CL04282000)
- Entrepreneur Rural Bank, Inc. - Adoption of Business Name(BSP Circular Letter No. CL-2013-030)
- January 1-7, 2004 as National Banking Week(BSP Circular Letter)
- Reporting Guidelines for Euro-denominated account balances and transactions(BSP Circular Letter)
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.