MB Resolution No. 1122 dated 29 July 2011: Placement of the Bank of Calape (Savings and Mortgage Bank) under Receivership

BANoKo SenrnaL No PILIPINAE OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR MEMORANDUM NO. M - 2011. 041 To ALL BANKSAND NON,BANK FINANCIAL INST]TUTIONS 5ubject MB Resolution No. 1122 dated 29 July 2011 Placement of the Bank of Calape (Savings and Mortgage Bankl under Receivership * Notice is hereby given that the Monetary Board, in its Resolution No. 1122 dated 29 July 2011 decided to prohibit the Bank of Calape (Savings and Mortgage Bank) 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 savings bank. For information and guidance. ESTOR A. EIPENIT Deputy Governo 29luly 2OLL A. Itr'labini 5t., Malate 1004 Manila, Philippines r {632} 524-7011 ' wrvw.bsp.gov.ph r [email protected]