Servicing Deposits Outside Bank Premises
ertal aG F 16Mas
OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR
CIRCULAR LETTER NO.: CL-2008-071
To ALL BANKS
Subject: Servicing Deposits Outside Bank Premises
premises requires prior authority from the BSP pursuant to Section X213 of the Manual of Regulations for Banks (MORB). Piease be reminded that soliciting and accepting deposits outside bank
bank, its directors and/or officers concerned to the criminal and administrative Engaging in such activity without prior BSP authority will subject the
sanctions under Section 36 and 37, respectively of R.A. No. 7653
09 NESTOR A.ESPENILLA Deputy Governd
O November 2008
PANANALAPING MAtATAG, BANSANG PANAtAG
A. Mabini St., Malate 1004, Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]
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