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

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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.

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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 the bank’s assents until September 23, 2018. Claims filed after said date shall be disallowed.

Creditors refer to any individual or entity with a valid claim against the assets of the closed Women’s Rural Bank and include depositors with uninsured deposits that exceed the maximum deposit insurance coverage (MDIC) of PhP500,000.

Claims must be at the PDIC Public Assistance Center located at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8:00 AM to 5:00 PM, except holidays. Creditors also have the option to file their claims through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City. The prescribed Claim Form against the assets of the closed bank may be downloaded from the PDIC website, www.pdic.gov.ph. The Corporation also reiterated that creditors should transact only with authorized PDIC personnel.

In case claims are denied, creditors shall be notified officially by PDIC through mail. Claims denied or disallowed by the PDIC may be filed with the liquidation court within sixty (60) days from receipt of final notice of denial of claim.

However, in addition, PDIC said that depositors with account balances of more than the MDIC of PhP500,000 who have already filed claims for the insured portion of their deposits are deemed to have filed their claims for the uninsured portion or the amount in excess of the MDIC.

PDIC, as Receiver of closed banks, requires personal data from creditors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.

It can be recalled that the Monetary Board (MB) of the Bangko Sentral ng Pilipinas ordered the closure of Women’s Rural Bank on July 12, 2018 and as the designated Receiver, PDIC was directed by the MB to proceed with the takeover and liquidation of the closed bank in accordance with Section 12(a) of Republic Act No. 3591, as amended. The bank’s Head Office is located at 29-A Carandang St., Barangay C (Pob.), Rosario, Batangas. Its lone branch is located in Brgy. Bihis, Santa Teresita, Batangas.|#BALIKAS_News

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