In a statement, PDIC
said yesterday that it filed charges against five former directors and officers of Export Bank as well as two officers of Arthland for alledgedly misappropriating the bank's funds in favor of the property company.
The list of properties and descriptions is also available through the PDIC
Property Finder in the PDIC
In a statement, PDIC
said it made P223.1 million from the sale of properties of 533 closed banks in six public bidding this year.
At the moment, e-money or more popularly known as "e-load" which is money electronically stored in cash cards, stored value cards or e-wallets via mobile phones and other devices, are considered quasi deposits and not covered under PDIC
continues to hold various asset disposal initiatives such as biddings, auctions and negotiated sale to beef up the pool of liquid assets of these banks for distribution to uninsured depositors and other creditors in accordance with the rules on concurrence and preference of credits.
President Roberto Tan said the agency provided UCPB PHP20 billion worth of loan assistance, namely PHP12 billion worth of capital notes and PHP8 billion of purchase-of-assets without buyback.
said the preference among unbanked Filipinos to have a deposit account would help the government-run deposit insurance fund craft programs to entice the unbanked to patronize banks.
assured depositors that all valid deposits and claims shall be paid up to the maximum deposit insurance coverage of P500,000.00.
This is the reason, said Jose Villaret Jr., PDIC
vice-president for Corporate Affairs Group, said the agency, which is tasked to campaign for financial literacy, said it is implementing the Be a Wise Saver (BAWS) Campaign, an information drive that promotes wise saving and responsible banking.
The 22-unit thrift bank was closed by the central bank and handed over to the PDIC
on May 13, 2016.
According to Dr Yasser Sharif, head of HD's Poison and Drug Information Centre (PDIC
) 17 per cent of the poisoning cases reported each year involve household cleaning products.
Espenilla said that as previously reported, the BSP will chip in P2.5 billion to the P5-billion program by way of a loan to the PDIC
. The fund will be available for two years.