Finance Secretary and PDIC Chairman Cesar V. Purisima was presented the “Deposit Insurance Organization (DIO) of the Year” award by PDIC President Valentin A. Araneta in simple ceremonies held on December 10, 2013. Purisima congratulated the entire PDIC workforce for the international recognition. He also commended the PDIC for living up to President Benigno S. Aquino III’s advocacy for good governance in Philippine institutions. He urged the PDIC to sustain and continually improve its operations in the performance of its multi-faceted role as Deposit Insurer, Co-regulator of banks, and Receiver and Liquidator of closed banks.Read More
All valid insured deposit claims will be paid
The Monetary Board (MB) placed the Sarangani Rural Bank, Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 2022 dated December 5, 2013. As Receiver, PDIC took over the bank on December 6, 2013.
Department of Finance Secretary Cesar Purisima spoke before the prestigious Les Entretiens de Royaumont (The Royaumont Interviews) on 30 November 2013.Read More