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Director Mariano R. Santiago

SEC Opinion • Securities and Exchange Commission • Opinions • Nov 3, 1981

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November 3, 1981 Director Mariano R. Santiago Bureau of Land Transportation East Avenue, Quezon City Sir : In reply to your letter dated September 21, 1981, inquiring whether the Philippine Veterans Bank is a government or a private bank, please be advised that it is a government financial institution created pursuant to Republic Act No. 3518, as amended by Presidential Decree Nos. 236 and 919. Please be guided accordingly. Very truly yours, (SGD.) MANUEL G. ABELLO Chairman

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