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EIB depositors urged to file claims

Remaining depositors of Export and Industry Bank (EIB) have been urged to file insurance claims for their deposits in the closed bank ahead of its possible takeover by the Aboitiz group.

Posted: April 8th, 2014 in Headlines | Read More »

Hopeful bank rehabilitation plan

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There seems to be light at the end of the tunnel for the uninsured depositors of shuttered Export and Industry Bank who have a combined deposit of P10.7 billion.

Posted: March 21st, 2014 in Columnists,Featured Columns,Headlines,Inquirer Columns | Read More »

Former Export Bank exec claims PDIC charge ‘false, baseless’

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The chief of the defunct Export and Industry Bank has decried charges against him and other former bank officers by the state-owned Philippine Deposit Insurance Corp. of having allegedly engaged in “unsafe and unsound” banking practice.

Posted: May 13th, 2013 in Latest Business Stories | Read More »

Shareholders move to stop EIB liquidation

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The majority shareholders of Export and Industry Bank (EIB) have gone to court in an attempt to stop the bank’s liquidation, alleging “indecent haste” and “grave abuse of discretion” by banking regulators in ordering the bank’s dissolution.

Posted: May 2nd, 2013 in Headlines | Read More »

PDIC ordered to sell off assets of closed bank

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Philippine Deposit Insurance Corp. has received the regulator’s approval to proceed with the liquidation of the assets of Export and Industry Bank after efforts to rehabilitate the bank had failed.

Posted: April 16th, 2013 in Headlines | Read More »

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