BSP Circular Letter (7 August 1995)

(NAR) VOL. 6 NO. 3 / JULY - SEPTEMBER 1995

[ BSP CIRCULAR LETTER, August 07, 1995 ]

FOREIGN BANKS ALLOWED TO OPERATE

For your information and guidance, the following foreign banks which were granted authorities to operate each a branch with full banking authority have commenced operations. This is in addition to the earlier announcement on the commencement of banking operations of the BANK OF TOKYO, LTD. and KOREA EXCHANGE BANK on April 3, 1995 and June 1, 1995, respectively: Name of Foreign Bank Date Opened 1. The FUJI BANK, LTD. June 30, 1995 2. The INTERNATIONAL July 4, 1995

COMMERCIAL BANK OF CHINA

3. INTERNATIONAL July 10, 1995

NEDERLANDEN BANK

4. DEUTSCHE BANK July 14, 1995 Adopted: 7 August 1995

(SGD.) GABRIEL C. SINGSON Governor