Revocation of License to Operate of San Miguel Corporation Employees Savings and Loan Association, Inc.
BSP Circular Letter No. CL-2010-004 • Bangko Sentral ng Pilipinas • Circular Letters • Jan 13, 2010
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January 13, 2010 BSP CIRCULAR LETTER NO. CL-2010-004 TO : All Banks and Non-Bank Financial Institutions SUBJECT : Revocation of License to Operate as a Non-Stock Savings and Loan Association (NSSLA) of San Miguel Corporation Employees Savings and Loan Association, Inc. The Monetary Board, in its Resolution No. 1902, dated 29 December 2009, approved the revocation of the license to operate as an NSSLA of SAN MIGUEL CORPORATION EMPLOYEES SAVINGS AND LOAN ASSOCIATION, INC., pursuant to Section 22 of Republic Act No. 8367, the "Revised Non-Stock Savings and Loan Association Act of 1997". cSDHEC (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor
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