Regulatory Alerts2025-02-04
CL-2025-006: Dungganon Bank Conversion to Regular Rural Bank and Name Change
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2025-006 to inform all supervised financial institutions of the conversion of Dungganon Bank (A Microfinance Rural Bank), Inc. into a regular rural bank. The institution has officially changed its corporate name to Dungganon Bank (A Rural Bank), Inc., following the approval of its Amended Articles of Incorporation and By-Laws by the Securities and Exchange Commission on 4 December 2024. This circular serves as official notice and guidance regarding the bank's new status and identity effective from the issuance date of 4 February 2025.
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