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Placement of the Rural Bank of Pres. Roxas (North Cotabato), Inc. under Receivership

Bangko Sentral ng Philipinas (BSP) announces the "Placement of the Rural Bank of Pres. Roxas (North Cotabato), Inc. under Receivership":

Notice is hereby given that the Monetary Board, in its Resolution No. 803 dated 02 June 2011 decided to prohibit the Rural Bank of Pres. Roxas (North Cotabato), Inc. from doing business in the Philippines and to place its assets and affairs under receivership pursuant to Section 30 of Republic Act (R.A.) No. 7653 (The New Central Bank Act).

The Philippine Deposit Insurance Corporation has been designated as Receiver of the aforementioned rural bank. - https://www.affordablecebu.com/

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"Placement of the Rural Bank of Pres. Roxas (North Cotabato), Inc. under Receivership" was written by Mary under the Banking category. It has been read 2058 times and generated 0 comments. The article was created on 08 June 2011 and updated on 08 June 2011.

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