Surrender of License to Operate as an NSSLA of the Baguio Vendors Savings and Loan Association, Inc.

OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 057 CIRCULAR LETTER NO. CL-2023-__ To : ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS/NON-STOCK SAVINGS AND LOAN ASSOCIATIONS (NSSLAs) Subject : Surrender of License to Operate as an NSSLA of the Baguio Vendors Savings and Loan Association, Inc. The Monetary Board, in its Resolution No. 1307 dated 5 October 2023, approved the voluntary surrender of license of BAGUIO VENDORS SAVINGS AND LOAN ASSOCIATION, INC. to operate as a non-stock savings and loan association, with the end-view to proceed with voluntary dissolution and liquidation, pursuant to Section 181-S of the Manual of Regulations for Non- Bank Financial Institutions (NBFIs). For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2023.10.18 23:32:49 +08'00' CHUCHI G. FONACIER Deputy Governor 18 October 2023 FSS Licensing Form No. 02-019 * Version 0 * Updated 10 June 2022