BSP Circular Letters BSP Circular Letter No. CL-2022-079BSP Circular Letter No. CL-2022-079 2022-11-17T00:00:00.000+08:00
Banco de Arevalo, Inc. (A Rural Bank) - Voluntary Surrender of Banking License
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 079 CIRCULAR LETTER NO. CL-2022-____ To : All Banks and Non-bank Financial Institutions Subject : Banco de Arevalo, Inc. (A Rural Bank) – Voluntary Surrender of Banking License The Monetary Board, in its Resolution No. 1606 dated 3 November 2022, approved the voluntary surrender by Banco de Arevalo, Inc. (A Rural Bank) (AREV) of its banking license to the Bangko Sentral ng Pilipinas. Effective 9 November 2022, AREV ceased to operate as a bank. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2022.11.17 11:11:27 +08'00' CHUCHI G. FONACIER Deputy Governor 17 November 2022 Page
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