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Shuttered rural bank’s executive ordered arrested

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SCREENGRAB from www.pdic.gov.ph

The arrest of a former Cavite bank executive—charged with the misuse of three quarters of a billion pesos of clients’ deposits—has finally been ordered by a local court more than two years after regulators filed their complaint.

Posted: October 3rd, 2014 in Latest Business Stories | Read More »

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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PDIC logo

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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PDIC logo

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 »

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