BSP Circular Letters BSP Circular Letter No. CL-2007-042BSP Circular Letter No. CL-2007-042 2007-08-21T00:00:00.000+08:00

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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