Philippine Deposit Insurance Corporation - updates

Rappler's latest stories on Philippine Deposit Insurance Corporation


Shuttered AMA Bank refuses to turn over records – PDIC

Nov 15, 2019 - 5:41 PM

PDIC gives employees of AMA Bank of Mandaluyong 24 hours to turn over bank records or face the 'full force of law'

BSP shuts down Batangas-based Tiaong Rural Bank

Aug 03, 2018 - 8:26 PM

Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year

10 gov’t firms fail to remit P68B in dividends – COA

Oct 31, 2016 - 7:09 PM

State auditors find that from 2004 to 2014 these GOCCs either did not declare failed to record failed to remit or under remitted their dividends

Fewer Philippine banks in 2015

Mar 28, 2016 - 8:29 PM

The central bank s order to close 14 rural banks in 2015 leads to the continuing decline of established banks in the country

FEWER BANKS. A 2015 law allowing foreigners to fully own Philippine banks helped ease the declining number of institutions in the country

BSP releases guidelines on rural bank mergers

Dec 16, 2015 - 5:58 PM

The program seeks to encourage consolidations and mergers among rural banks to bring about a less fragmented banking system

Senate passes bill protecting bank clients from closures

Dec 14, 2015 - 7:18 PM

Under the measure the Philippine Deposit Insurance Corporation would reinforce weak banks even before closure orders

Bangko Sentral closes rural bank in Pangasinan

Nov 18, 2015 - 6:29 PM

To verify eligibility for early payments and other concerns Rural Bank of Calasiao account owners are invited to the depositors borrowers forum on November 26

12TH IN 2015. BSP shuts down another rural bank.

BSP approves sweetened perks for rural bank mergers

Aug 22, 2015 - 12:13 PM

BSP says encouraging more mergers among rural banks will bring about a less fragmented banking system in the Philippines

SWEETENED PERKS. The program offers financial and regulatory perks to groups of rural banks serving similar areas to combine operations and create larger institutions

Ex-Banco Filipino officers slapped with criminal complaint

Jul 06, 2015 - 9:32 PM

20 former stockholders and officers of the bank are the subject of a criminal complaint filed with the justice department

epa02636101 Filipino depositors wait outside a branch of the Banco Filipino bank which has remained closed with stalled operations in Quezon City, east of Manila, Philippines, 16 March 2011. EPA/ROLEX DELA PENA

PDIC to hold sealed bidding for 126 properties

Jun 28, 2015 - 9:20 PM

The bidding will be held on June 30 and will benefit uninsured depositors and creditors of closed banks

BSP warns versus unauthorized deposit-taking activities

Apr 07, 2015 - 4:42 PM

The central bank says only banks are allowed to accept deposits from the public