MB Resolution No. 662.B dated 25 May 2023 Prohibition of the Rural Bank of San Juan (Southern Leyte), Inc. From Doing Business in the Philippines

BANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2O23-O32 To ALL BANKSAND NON.BANK FINANCIAL INSTITUTIONS Subject MB Resolution No. 662.Bdated 25May2o.23 Prohibition of the Rural Bank of San Juan (Southern Lelrte), Inc. From Doing Business in the Philippines Notice is hereby given that the Monetary Board, in its Resolution No. 662.8 dated 25 May 2O23, decided to prohibit the Rural Bank of San Juan (Southern Leyte), Inc., from doing business in the Philippines pursuant to Section 30 of Republic Act (R.A.) No. 7653 (The New Central Bank Act), as amended. The Philippine Deposit Insurance Corporation has been designated as Receiver with a directive to proceed with the takeover and liquidation of the aforementioned rural bank in accordance with Section 12 (a) of R.A. No. 359.| (PDIC Charter), as amended. For information and guidance. .rryry-- HI G. FONACIER eputy Governor 25May2023