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                    [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
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CORONADAL SOUTH COTABATO AND GENERAL SANTOS CITY

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                    [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.


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abtest

PDIC takes over All Asia Bank

August 8, 2002 - 12:00am

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...

Business