BSP Memoranda BSP MemorandaBSP Memoranda 2005-01-28T00:00:00.000+08:00
To prohibit the MUNICIPAL RURAL BANK OF DEL GALLEGO (CAMARINES SUR), INC.
MEMORANDUM Series of 2005
TO: ALL BANKS
Notice is hereby given that the Monetary Board, in its Resolution No. 103 dated 27 January 2005, approved and confirmed to prohibit the MUNICIPAL RURAL BANK OF DEL GALLEGO (CAMARINES SUR), INC. from doing business in the Philippines and 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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