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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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PDIC logo

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 »

Rehabilitation of EIB hits major roadblock

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The rehabilitation of Export and Industry Bank has hit a snag as less than half of the depositors and creditors have consented to the planned sale of the troubled bank, according to the Philippine Deposit Insurance Corp.

Posted: December 20th, 2012 in Headlines | Read More »

Sale of closed Exportbank’s assets put on hold

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The sale of the assets of Export and Industry Bank (EIB), scheduled to take place this month, has been deferred indefinitely due to concerns raised by the bank’s stockholders.

Posted: December 13th, 2012 in Headlines | Read More »

PDIC to rebid Exportbank

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Banking regulators on Monday sweetened the pot for potential white knights of Export and Industry Bank (EIB), which had been ordered closed due to insolvency.  PHOTO BY ERWIN AGUILON/RADYO INQUIRER

Philippine Deposit Insurance Corp. will again try to sell the assets and liabilities of Export and Industry Bank this year after the bidding on October 18 failed.

Posted: November 7th, 2012 in Latest Business Stories | Read More »

Biz Buzz: Means, motive, opportunity

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On the surface, the complaint filed against San Miguel Corp. president Ramon S. Ang, businessman Roberto V. Ongpin and former finance secretary Gary Teves, among others, looks like your garden variety suit filed by a concerned taxpayer (with all its attendant implications) in an effort to protect the government’s interests.

Posted: September 26th, 2012 in Headlines | Read More »

RCBC renews bid to take over Export Bank

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RCBC: Eyeing Export Bank. INQUIRER.NET PHOTO/RICK ALBERTO

Rizal Commercial Banking Corp. has revived interest to take over Export and Industry Bank, a shuttered commercial bank being auctioned off by its receiver, the state-owned Philippine Deposit Insurance Corp.

Posted: August 17th, 2012 in Latest Business Stories | Read More »

Banco De Oro eyes takeover of shuttered bank

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bdo-export-bank

Banco de Oro Unibank wants to take over the assets and deposit liabilities of Export and Industry Bank, which was recently placed under state receivership.

Posted: May 8th, 2012 in Editor's Pick,Headlines | Read More »

Company denies causing Export Bank closure

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A company reportedly linked to businessman Willian Gatchalian Tuesday disputed the claim of Export and Industry Bank’s former officials that its legal case against the financial institution was what caused merger talks with Banco de Oro Universal Bank to collapse, resulting in the former’s sudden closure.

Posted: May 8th, 2012 in Headlines | Read More »

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