Conversion of License of Philippine Trust Company (Philtrust Bank) from Commercial Bank to Universal Bank
Banako Sentral ng S binas
MAYNILA, PILIPINAS
SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR
CIRCULAR LETTER NO. CL-2007- 042
To ALL BANKS AND NON-BANK FINANCIAL iNSTITUTIONS WITH QUASI-BANKING FUNCTIONS
Subject (Philtrust Bank) from Commercial Bank to Universal Bank Conversion of License of Philippine Trust Company
approved the conversion of the license of Philippine Trust Company (Philtrust Bank) from Commercial Bank to Universal Bank. The Monetary Board, in its Resotution No. 492 dated 26 April 2007.
The certificate of fifing of the Amended Articies of incorporation of Philtrust Bank to operate as Universal Bank, was registered/approved by the Securities and Exchange Commission on 5 June 2o07. The Bank has commenced operations as a Universal Bank on 7 August 2007.
For information and guidance
NESTOR A. #SPEnil
Deputy Governoi
ugust 2007
PANANALAPING MAtAtAG, BANSANG PANAtAG A. Mabini St., Malate 1004 Manila, Philippiries Trunkline (632) 524-70-11 URL: www.bsp.gov.ph e-mail: [email protected]
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