MB Resolution No. 437.B dated 08 May 2025 Prohibition of the Oriental Tamaraw Rural Bank of Naujan (Or. Mdo.), Inc. from Doing Business in the Philippines

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To
BANGKO SENTRAL NG PIL!PINAS
Subject
OFFICE OFTHE DEPUTYCOVERNORI FINANCIAL SUPERVISION SECTOR Notice is hereby given that the Monetary Board, in its Resolution N0 437, B dated 08 May 2025. decided to prohibit the Oriental Tamaraw Rural Bank of Naujan tor. Mdo. ), Inc. from doing business in the Philippines pursuant to Section 30 of Republic Act IR. A. ) No. 7653 (The New Central Bank Act), as amended. The Philippine Deposit Insurance Corporation has been designated as Receiver with a directive to proceed with the takeover and liquidation of the aforementioned rural bank in accordance with Section 12 (a) of R. A. No. 3591 (PDIC Charter), as amended. For information and guidance. CIRCULAR LETTER No. cL-2025- 020 ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS MB Resolution No. 437. B dated 08 May 2025 Prohibition of the Oriental Tamaraw Rural Bank of Naujan (Or. Mdo. ), Inc. from Doing Business in the Philippines 08 May 2025 , C CHI G. FONACIER eputy Governor , ,