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News 10/23

"With Lehman Brothers Issue"

TO: All SRRV-holders with deposits in Banco de Oro (BDO), Bank of Commerce (BOC) and Rizal Commerial Banking Corporation (RCBC):

The above-named banks have sent their formal communications assuring this Authority and their valued clients that their capital positions remain strong and stable and are ensuring a well managed portfolio protective of the banks’ liquidity and capital ratios.