Today's Information

Provided by: First Financial Holding Co. Ltd.
SEQ_NO 2 Date of announcement 2021/12/02 Time of announcement 17:51:30
Subject
 Announcement on behalf of subsidiary FCB about
Manila Branch was required to pay an assessment fee
by the Central Bank of the Philippines.
Date of events 2021/12/01 To which item it meets paragraph 39
Statement
1.Date of occurrence of the event:2021/12/01
2.Circumstances of the violation:Manila Branch has not met the minimum amount
required to be allocated for agriculture-related loan set by Bangko Sentral
ng Pilipinas(Central Bank of Philippines)during the period of January 2017
to December 2019.
3.Monetary amount of fines:PHP6,913,821.67
(equal to NTD3,810,207�Aexchange rate 0.5511)
4.Status of the injunction by the respective competent authority:
Assessment fee of PHP6,913,821.67.
5.Intended improvement measures:To acquire and purchase more
agricultural-related loan and securities.
6.Effect on the Company��s business operations:
Assessment fee of PHP6,913,821.67.
7.Any other matters that need to be specified:None.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

First Financial Holding Co. Ltd. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 10:10:07 UTC.