Conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a Regular Rural Bank to be Known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. — A Microfinance-Oriented Rural Bank)

January 10, 2020 BSP CIRCULAR LETTER NO. CL-2020-006 TO : All Banks and Non-Bank Financial Institutions SUBJECT : Conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a Regular Rural Bank to be Known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. A Microfinance-Oriented Rural Bank) The Bangko Sentral ng Pilipinas approved the conversion of Advantage Bank Corp. (A Microfinance-Oriented Rural Bank) into a regular rural bank to be known as Advance Credit Bank (A Rural Bank) Corp. (Formerly Advantage Bank Corp. A Microfinance-Oriented Rural Bank). The Amended Articles of Incorporation and Amended By-Laws of the Bank bearing its new corporate name were approved by the Securities and Exchange Commission on 9 December 2019. For information and guidance. (SGD.) CHUCHI G. FONACIER Deputy Governor