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Less bank closures this year pushed up the deposit insurance fund (DIF) used by the government to cover deposit claims on shuttered lenders, the Philippine Deposit Insurance Corp. (PDIC) said.

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                    [Title] => PDIC backs bill amending its charter
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                    [Title] => BSP approves Exportbank liquidation
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The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the Philippine Deposit Insurance Corp. (PDIC) said yesterday.

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The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the state deposit insurer said on Tuesday.

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State-run Philippine Deposit Insurance Corp. (PDIC) has extended anew to March 25 the period within which to determine if Export and Import Bank Inc. (EIB) would be undergo rehabilitation or liquidation, a PDIC official said.

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Depositors of shuttered banks may now get their claims at any branch of the Land Bank of the Philippines after the latter signed an agreement with the Philippine Deposit Insurance Corp. (PDIC), the state deposit insurer said.

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CRISTINA ORBETA

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abtest

Deposit insurance fund up to P120 B this year

December 20, 2015 - 9:00am

Less bank closures this year pushed up the deposit insurance fund (DIF) used by the government to cover deposit claims on...

Business

PDIC backs bill amending its charter

By Kathleen A. Martin | May 19, 2014 - 12:00am

The Philippine Deposit Insurance Corp. gave its support for the recent bill filed in Congress amending the state deposit insurer’s charter.

Business

Gov’t eyeing to sell over 70 percent of UCPB shares

July 13, 2013 - 12:00am

The administration is eyeing to sell more than 70 percent of United Coconut Planters Bank (UCPB) shares that the Supreme Court (SC) has  declared as government-owned.

Headlines

BSP approves Exportbank liquidation

April 17, 2013 - 12:00am

The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the Philippine Deposit Insurance Corp. (PDIC) said yest...

Business

BSP OKs liquidation of ExportBank

April 16, 2013 - 4:43pm

The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the state deposit insurer said on Tuesday.

Business

PDIC taking more time to decide on EIB fate

By Donnabelle L. Gatdula | February 2, 2013 - 12:00am

State-run Philippine Deposit Insurance Corp. (PDIC) has extended anew to March 25 the period within which to determine if Export and Import Bank Inc. (EIB) would be undergo rehabilitation or liquidation, a PDIC official...

Business

BF creditors to wait longer for payments

January 27, 2013 - 12:00am

Creditors of the shuttered Banco Filipino Savings and Mortgage Bank are likely to wait longer for payment as government efforts to dispose all the bank’s assets move at a slow pace.

Business

Landbank ready to service deposit claims in closed banks

December 23, 2012 - 12:00am

Depositors of shuttered banks may now get their claims at any branch of the Land Bank of the Philippines after the latter signed an agreement with the Philippine Deposit Insurance Corp. (PDIC), the state deposit...

Business

PDIC won’t complete auctionof Export & Industry Bank this year

November 19, 2012 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) will not be able to complete the auction of shuttered Export and Industry Bank this year, the state agency’s chief said.

Business

Exportbank bidding fails

October 18, 2012 - 4:14pm

Business