BSP Circular Letters BSP Circular Letter No. CL07262001BSP Circular Letter No. CL07262001 2001-07-26T00:00:00.000+08:00

Conversion of STANDARD CHARTERED BANK (SCB), PHILIPPINES into a universal bank

CIRCULAR LETTER Series of 2001

To            :  All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions

The Monetary Board, in its Resolution No. 162 dated February 1, 2001, approved the conversion of STANDARD CHARTERED BANK (SCB), PHILIPPINES into a universal bank.

The Certificate of Authority to operate as a universal bank was issued and signed by the Governor on June 20, 2001.

The bank started operations as a universal bank on July 16, 2001.

ALBERTO V. REYES Deputy Governor

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