MB Resolution No. 510 dated 22 March 2016 Placement of the Rural Bank of Malinao (Aklan), Inc. Under Receivership

BANOKO SenrnaL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR CIRCUTAR LETTER NO. CL -20T6. 027 To Att BANKS AND NON.BANK FINANCIAL INSTITUTIONS Subject : MB Resolution No. 510 dated 22 March 2015 Placement of the Rural Bank of Malinao (Aklan), Inc. Under Receivership Notice is hereby given that the Monetary Board, in its Resolution No. 510 dated 22 March 2016, decided to prohibit the Rural Bank of Malinao (Aklan), 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. For information and guidance. l, .o ll-l-K--t" FTESTOR A. FPENtrr Deputy Governo 22 March 2016 A. Mairirri St, ir4.ri.rrt i00ui Mairiio, tririiippirte: .1632) l08-l/()'L'wwrv bsp.g,ov.pli . iJspitlciiCdb5ir.Bov.tJil