It has been months and months of waiting…still eating dried fish full of bones, no more meat at all. Until when will this continue?
I am already getting tired of waiting. Is this the world-class service insurance PDIC is promising? This is beyond nightmare already. I could not help but think of the future repercussions this [...]
MANILA, Philippines – The state-owned Philippine Deposit Insurance Corp.
said it would shell out P10.7 billion to settle the valid deposit claims
filed by clients of the defunct rural banks under the controversial
Legacy group.
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PDIC president Jose Nograles said his office was committed to settling
all the valid deposit claims, noting it had sufficient funds to do so.
The deposit [...]
State-run Philippine Deposit Insurance Corp. (PDIC) has paid almost 63.27 percent of the P2.26-billion approved claims to Legacy Bank amid missing bank records and alleged fraud cases, president Jose C. Nograles said.
However, some 19,070 claims amounting to P2.55 billion were put on hold due to further verification although Nograles assured all valid claims would be [...]
I am a single mother of two. I started working in Angola since 1993 (my youngest was only 4 yrs old at that time). Angola is not a modern country and is a malaria-infested area and malaria is endemic, in fact, 99% of expats who work here gets malaria. However, I stayed, suffered, cried and tenaciously persevered in [...]
I have been praying every night so that PDIC will hear my pleas. I thought, the people in the Philippines are God-fearing, God-loving, and compassionate. To my dismay, it is the other way around. They are all hypocrites.
Where is my money? Until now I have not been paid yet. I am eating dried fish, sometimes [...]
Pdic wants failed banks barred from biddings
By Michelle Remo
Philippine Daily Inquirer
First Posted 19:30:00 08/30/2009
Filed Under: Banking
philippine deposit insurance Corp. wants owners of a failed bank barred from participating in biddings aimed at selling the closed financial institution.
The deposit insurer is also proposing that it be allowed to sell a bank placed under receivership even without [...]
PDIC, BSP to put up P2.5B incentive fund
By Michelle Remo
Philippine Daily Inquirer
First Posted 23:58:00 08/31/2009
MANILA, Philippines – The Bangko Sentral ng Pilipinas and Philippine Deposit Insurance Corp. have agreed to contribute P2.5 billion each to establish a proposed fund that will be tapped to extend incentives to banks willing to acquire financially troubled rural [...]