Business News

PDIC sets deadline for filing claims vs. Women’s RB’s assets

By JOENALD MEDINA RAYOS CALLING the attention of Batangas’ creditors and investors who may have infused capital or with any claims against the closed Women’s Rural Bank, Inc. The Philippine Deposit Insurance Corporation (PDIC), the liquidator of the closed Women’s Rural Bank, announced that creditors of the closed bank may only file their claims against […]

Business

3 more banks closed in a week; P1.3B deposits put on hold

 By JOENALD MEDINA RAYOS  Banking industry in the countryside is experiencing another blows over the week as the Monetary Board of the Bangko Sentral ng Pilipinas is prohibiting more banks from doing business in the country and putting them under the receivership of the Philippine Deposit Insurance Corporation (PDIC) for a consequent liquidation. As of […]

News

After BSP closed 26 banks in Batangas, local depositors still hopeful..

Special Report:  By JOENALD MEDINA RAYOS BATANGAS City – UMAASA pa rin ang mga maliliit na negosyo at maging ang publiko sa kabuuan na mananatiling mas mainam na piliin ang pagdedeposito sa bangko kaysa ibang paraan ng pag-iimpok sa kabila ng lumalaking risk sa banking industry sa bansa. Nito lamang Huwebes, Agosto 2, dalawang rural […]

Business News

BSP, nag-strike 3 sa Batangas; TRBI sarado na rin!

By JOENALD MEDINA RAYOS STO. TOMAS, Batangas – BAGO pa lamang nagsisimulang magbayad ang Philippine Deposit Insurance Corporation (PDIC) ng mga valid deposits ng nagsarang Women’s Rural Bank, Inc., isa na namang bangko rural sa Batangas na may operasyon sa Southern Luzon ang ipinasara ng Bangko Sentral ng Pilipinas nitong Huwebes, Agosto 2, 2018. Sa […]

Business

PDIC urges creditors of RB La Trinidad to claim payment approved by the Liquidation Court

THE Philippine Deposit Insurance Corporation (PDIC) started to process and settle claims of creditors of the closed Rural Bank of La Trinidad (Benguet), Inc. in April 2018 to implement the Order of the Liquidation Court (Regional Trial Court, First Judicial Region, Branch 10) that approved the closed bank’s Revised Partial Asset Distribution Plan. All creditors […]

Business News

Creditors of closed Batangas bank have 2 weeks to file claims against bank’s assets

By JOENALD MEDINA RAYOS  LIPA City — IT’S not yet over for the creditors of the closed Lipa City-based Empire Rural Bank as the bank regulator and receiver Philippine Deposit Insurance Corporation (PDIC) has set on May 7, 2018 to file claims. The PDIC has reminded the creditors that that they only have until such […]