+ Follow ALL ASIA BANK Tag
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[ArticleID] => 173765
[Title] => PDIC processing claims of All Asia Bank depositors
[Summary] => DAVAO CITY — The Philippine Deposit Insurance Corp. (PDIC) started yesterday the processing and payment of claims of thousands of depositors of the All Asia Bank Corp. which stopped operating last month.
The depositors were caught by surprise when the bank was suddenly shut down last month due to reported lack of required capital to further operate.
Being processed are the claims of insured All Asia Bank depositors in Buhangin, Davao City; and in the cities of Digos, Tagum, General Santos and Koronadal.
[DatePublished] => 2002-08-28 00:00:00
[ColumnID] => 133272
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[ArticleID] => 171255
[Title] => PDIC takes over All Asia Bank
[Summary] => The Philippine Deposit Insurance Corp. has taken over the Mindanao-based All Asia Bank, the thrift bank owned by investment group, All Asia Capital and Trust Corp.
PDIC announced yesterday that it has been directed by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to place the bank under receivership after it decided that the thrift bank could not continue operating without incurring probable losses for its depositors.
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
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ALL ASIA BANK
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 173765
[Title] => PDIC processing claims of All Asia Bank depositors
[Summary] => DAVAO CITY — The Philippine Deposit Insurance Corp. (PDIC) started yesterday the processing and payment of claims of thousands of depositors of the All Asia Bank Corp. which stopped operating last month.
The depositors were caught by surprise when the bank was suddenly shut down last month due to reported lack of required capital to further operate.
Being processed are the claims of insured All Asia Bank depositors in Buhangin, Davao City; and in the cities of Digos, Tagum, General Santos and Koronadal.
[DatePublished] => 2002-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
)
[1] => Array
(
[ArticleID] => 171255
[Title] => PDIC takes over All Asia Bank
[Summary] => The Philippine Deposit Insurance Corp. has taken over the Mindanao-based All Asia Bank, the thrift bank owned by investment group, All Asia Capital and Trust Corp.
PDIC announced yesterday that it has been directed by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to place the bank under receivership after it decided that the thrift bank could not continue operating without incurring probable losses for its depositors.
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 28, 2002 - 12:00am
