Monetary Board orders Batangas rural bank closed

Nov 05, 2019 10:30 pm

MONETARY authorities have ordered a rural bank in Batangas province shuttered and placed under receivership.

In a circular released on Monday night, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier said the Rural Bank of Lemery Inc. was ordered closed by the central bank's policy-setting Monetary Board on October 31.

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