Acquisition by Banco de Oro Universal Bank of Banco Santander Philippines, Inc. and the acquisition by BDO Capital and Investment Corporation of Santander Investment Securities Philippines, Inc.
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SUPERVISION AND EXAMINATION SECTOR (SES) OFFICE OF THE DEPUTY GOVERNOR
CIRCULAR LETTER
TO FINANCIAL INTERMEDIARIES ALL BANKS AND NON BANK
the acquisition by Banco de Oro Universal Bank (BDO) of Banco Santander Philippines, Santander Investment Securities Philippines, Inc. (SISPI). Inc. (BSPI) and the acquisition by BDO Capital and Investment Corporation (BCIC) of The Monetary Board in its Resolution No. 1141 dated August 7, 2003 approved
The acquisition took effect on August 29, 2003.
Examination Department I, SES, effective on even date. Both BSPI and SISPI shall be under the supervision of the Supervision and
For your information and guidance.
ALBERTO V.REYES Deputy Governor
September 24, 2003
MAG-IMPOK SA BANGKO
MAYNILA, PILIPINAS 1004 - Tel No. 524-70-11 trunkline - URL: www.bsp.gov.ph - e-mail: [email protected]
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