MB Resolution No. 1588.A dated 25 November 2021 Prohibition of the Rural Bank of Nabunturan (Compostela Valley), Inc. From Doing Business in the Philippines

BANGKO SENTRAL NG PILIPINAS CIRCULAR LE]TEFI NO. CL-zOzI-O95 OFFICE OFTHE DEPUW GOVERNOR FI NANCIAL SU PERVISION SECTOR To : ALL BANKS AND NON-BANK FINANCIAI INSTITUTIONS Subject : MB Resolutlon No.1588.A dated Zi November 2O2l Prohlbition of the Rural Bank of Nabunturan (Gompostela Valley), Inc., From Dolng Buslness In the Phlllppines Notice is hereby given that the Monetary Board, in its Resolution No. 1588.A dated 25 November 20.21, decided to prohibit the Rural Bankof Nabunturan (Compostela Valleyl,Inc., from doing business in the Philippines pursuant to Section 30 of Republic Act (RA.) No. 7653 flhe 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 RA No.359l (PDIC Charter), as amended. For information and guidance. 25 November 2O2l t t- , a . a-