BSP Circular Letters BSP Circular Letter No. CL-2016-041BSP Circular Letter No. CL-2016-041 2016-05-25T00:00:00.000+08:00

Banco De Oro Savings Bank, Inc (BDOSB) - Surrender and Revocation of Banking and Trust Licenses

BANGKO Senrnal. NE PILIPIN/\S OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR crRculAR TETTER NO. Ct-2016-_041 To All Banks and Non-Bank Financial Institutions Subject Banco De Oro Savings Bank, Inc. (BDOSB) Surrender and Revocation of Banking and Trust Licenses Please be informed that the Monetary Board, in its Resolution No. 585 dated 31 March 2OL6, approved the revocation of authority of Banco De Oro Savings Bank, Inc. to operate as a thrift bank and to conduct trust and fiduciary business effective on 16 May 2016. For information and guidance. fl uay z016

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