February 21, 2019
BANK BULLETIN NO. 03-19
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Bagong Bangko Rural ng Malabang (Lanao Del Sur), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept checks, as well as taxpayers' checks drawn from BAGONG BANGKO RURAL NG MALABANG (LANAO DEL SUR), INC. with Office address at 593 Bayan St., Brgy. China Town (Pob.), Malabang, Lanao del Sur, in payment of internal revenue taxes. This is in conformity with the Bangko Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 159 dated January 24, 2019 prohibiting the subject bank from doing business in the Philippines and placing it under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated receiver, as stated in the letter dated January 25, 2019 of Atty. Nilo Aldrin M. Lucinario, Vice-President, Receivership and Bank Management Group of PDIC.
For your guidance and strict compliance.
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
