May 11, 2017
BANK BULLETIN NO. 11-17
| TO | : | All BIR Authorized Agent Banks |
| SUBJECT | : | Rural Bank of Ragay (Camarines Sur), Inc. |
Effective immediately, all Authorized Agent Banks are hereby advised not to accept checks, as well as taxpayers' checks drawn from RURAL BANK OF RAGAY (CAMARINES SUR), INC., with Head Office address at Tomas Delgado St., cor. Provincial Road, Poblacion Ilaod, Ragay, Camarines Sur with a branch located at Zone 1, Fatima (Poblacion), Del Gallego, Camarines Sur, in payment of internal revenue taxes. This is in conformity with the Bangko Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 635.B dated April 20, 2017 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 April 21, 2017 of the Vice-President, Receivership and Bank Management Group of PDIC. CAIHTE
For your guidance and strict compliance.
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
