Upgrade of License/Conversion of Bangko Kabayan (A Rural Bank), Inc. from a Rural Bank into a Thrift Bank (Private Development Bank) to be known as Bangko Kabayan, Inc. (A Private Development Bank)

BANOKO SENTRAL NG PILIPINAg OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR clRcutAR LETTER NO, Cl- 2016 - ize To All BsP Supervised Finan.ial Institutions and BSP Supervised Non- Bank Financial Institutions Subject Upgrade of License/conversion of Bangko Kabayan (A Rural Bank), Inc. from a Rural Bank Into a Thrift Bank (Prlvate Development Bankl to be known as Bangko Kabayan, Inc. (A Private Development Bank) The Securities and Exchante Commission registered on 25 April 2016 the upgrade of license/conversion of Bangko Kabayan (A Rural Bank), Inc into a private development bank to be known as Bangko Kabayan, lnc. (A Private Development Bank). The corresponding Certificate of Authority to Operate as a thrift bank was issled by the Bangko Sent.al ng Pilipinas on 27 May 2016. The Sank started to operate as a th.ift bank on 19 August 2016. For information and guidance. CHI G. FONACIER edo.-in-Charge I September 2016