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Trust License Withdrawal Notice for SITI

The Bangko Sentral ng Pilipinas issued Circular Letter No. CL-2019-041 announcing that the Monetary Board approved State Investment Trust, Inc.'s request to withdraw its trust license and revoke its authority to engage in trust and fiduciary business. The Monetary Board made this approval in Resolution No. 539 dated April 25, 2019. The circular letter was issued to notify all banks and non-bank financial institutions of this change for their information and guidance.

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104 views1 page

Trust License Withdrawal Notice for SITI

The Bangko Sentral ng Pilipinas issued Circular Letter No. CL-2019-041 announcing that the Monetary Board approved State Investment Trust, Inc.'s request to withdraw its trust license and revoke its authority to engage in trust and fiduciary business. The Monetary Board made this approval in Resolution No. 539 dated April 25, 2019. The circular letter was issued to notify all banks and non-bank financial institutions of this change for their information and guidance.

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GilbertGalope
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BANOKO SeNrnIL No PILIPINAS

OFFICE OF THE DEPUTY GOVERNOR


FINANCIAT SUPERVISION SECTOR

CIRCULAR LETTER NO. Ct-2019- 041

To : All Banks and Non-Bank Financial lnstitutions

Subject : Withdrawal of Trust license of State lnvestment Trust, Inc.

The Monetary Board, in its Resolution No. 539 dated 25 April 20L9, approved

the request of State Investment Trust, Inc. (SlTl) to withdraw its trust license and the
revocation of SlTl's authority to engage in trust and other fiduciary business.

For information and guidance.

G. FONACIER

Ttl tune2ots

A. Mabini St., Malate 1004 Manila, Philippins5 . (532) 708-770L. [Link] . bspmail@[Link]

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