MB Resolution No. 818.B 18 July 2024 Prohibition of the Cooperative Bank of Bohol From Doing Business in the Philippines

* \ ^ BANGl<O SENTRAL NG PILIP!NAS OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER No. cL-2024-039 To ALL BANKS AND NON-BANK FINANCIALINSTITUTIONS Subject MB Resolution No. 818. B dated 18 July 2024 Prohibition of the Cooperative Bank of Bohol From Doing Business in the Philippines Notice is hereby given that the Monetary Board, in its Resolution No. 818. B dated 18 July 2024, decided to prohibit the Cooperative Bank of Bohol, from doing business in the Philippines pursuant to Section 30 of Republic Act (R. A. ) No. 7653 (The 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 cooperative bank in accoi. dance with Section 12 (a) of R. A. No. 3591 (PDIC Charter). as amended. For information and guidance. C CHI C. FONACIER eputy Governor 18 July 2024