bank closure - updates

Rappler's latest stories on bank closure


BSP closes 14th bank this year

Aug 03, 2016 - 8:00 AM

BSP data show the number of banks operating in the Philippines declined to 622 as of end March this year from 646 in the same period a year ago

14TH BANK CLOSED. Rural Bank of Alabat is the 14th financial institution closed by the central bank this year. Photo from

BSP shuts down Cebu rural bank

Feb 01, 2016 - 4:00 PM

This is the second rural bank ordered closed by the Bangko Sentral ng Pilipinas this year

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

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