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PDIC puts up 118 ATMs for sale

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The state deposit insurer is putting up 118 automated teller machines (ATM) for sale next month as it liquidates assets seized from banks that were ordered closed by regulators.

Posted: November 20th, 2013 in Headlines | Read More »

PDIC files estafa complaint vs. 88 depositors of shuttered Legacy banks

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The Philippine Deposit Insurance Corp. (PDIC) on Thursday filed before the Department of Justice (DOJ) a complaint for estafa against 88 depositors for allegedly defrauding the government by P9.73 million.

Posted: January 3rd, 2013 in Latest Business Stories | Read More »

PDIC to sell acquired assets on Dec. 20

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The Philippine Deposit Insurance Corp. is set to sell more acquired properties to boost resources and partly settle the liabilities of banks that failed and were placed under its receivership.

Posted: December 12th, 2012 in Latest Business Stories | Read More »

PDIC aims to sell P60B in acquired assets in 5 years

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Philippine Deposit Insurance Corp. (PDIC) has about P60 billion worth of acquired physical assets and receivables that it intends to turn into cash within the next five years.

Posted: June 27th, 2012 in Headlines | Read More »

Another bank placed under receivership

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The Bangko Sentral ng Pilipinas has placed another financially troubled rural bank under receivership. The New Rural Bank of Tagkawayan Inc. (NRBTI) was ordered closed Friday by the Monetary Board of the central bank for failing to meet regulatory standards, said the Philippine Deposit Insurance Corp. (PDIC), which serves as the receiver of failed banks.

Posted: May 18th, 2012 in Editor's Pick,Headlines | Read More »

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