BSP Memoranda BSP Memoranda No. M10202003BSP Memoranda No. M10202003 2003-10-20T00:00:00.000+08:00
To prohibit the Cooperative Bank of Davao Oriental from doing business in the Philippines
MEMORANDUM Series of 2003 Series of 2003 To: All Banks
Notice is hereby given that the Monetary Board, in its Resolution No. 1534, dated October 16, 2003, approved and confirmed to prohibit the Cooperative Bank of Davao Oriental from doing business in the Philippines to place its assets and affairs under Receivership in accordance with Section 30 of R.A. No. 7653.
The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank.
For information and guidance.
ALBERTO V. REYES Deputy Governor
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