3 February 2017, Manila, Philippines – Finance Secretary Carlos Dominguez III swore into office erstwhile National Treasurer Roberto Tan as the new president of the Philippine Deposit Insurance Corp. (PDIC) making way for the appointment of Rosalia de Leon as the new National Treasurer.
Read MoreAll valid insured deposit claims will be paid
The Monetary Board (MB) placed the Rural Bank of Burauen (Leyte), Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 1922 dated December 4, 2014. As Receiver, PDIC took over the bank on December 10, 2014.
CROSS-BORDER COOPERATION AND INFORMATION-SHARING. The Philippine Deposit Insurance Corporation (PDIC) and the Deposit Protection Agency of Thailand (DPA) signed an agreement on cross-border cooperation and information-sharing on November 20, 2014 at the PDIC Office in Makati City. PDIC President Cristina Q. Orbeta (4th from left) and DPA President Sorasit Soontornkes (5th from left) shake hands after the signing the memorandum of understanding (MOU) that aims to address and mitigate risks in the global financial system as well as to respond to the need for international cooperation among financial safety-net players. Also present in the signing ceremonies are (L-R), PDIC Executive Vice President Imelda S. Singzon, PDIC Director Rogelio W. Manalo, PDIC Director Protacio T. Tacandong, DPA SVP Narida Sreshthaputra, DPA VP Chiranuwat Tanyacharoen and DPA Assistant VP Kaankorn Jakkrichkul.
Cristina Que Orbeta, the Officer-in-Charge of the Philippine Deposit Insurance Corporation (PDIC) since July 30, 2014, has been elected by the PDIC Board as President of the Corporation on November 12, 2014. She was earlier appointed as member of the PDIC Board by President Benigno S. Aquino III, vice former President Valentin A. Araneta who was appointed member of the Monetary Board. Ms. Orbeta is the 11th President of PDIC and the first lady President of the state deposit insurance agency.
Read MoreCristina Que Orbeta, the Officer-in-Charge of the Philippine Deposit Insurance Corporation (PDIC) since July 30, 2014, has been elected by the PDIC Board as President of the Corporation on November 12, 2014. She was earlier appointed as member of the PDIC Board by President Benigno S. Aquino III, vice former President Valentin A. Araneta who was appointed member of the Monetary Board. Ms. Orbeta is the 11th President of PDIC and the first lady President of the state deposit insurance agency.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Cooperative Bank of Tarlac, Inc., reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) is offering for negotiated sale a total of 310 properties at the 9th Housing Fair organized by the Housing and Urban Development Coordinating Council (HUDCC) on October 24 to 26, 2014 at SM Megamall, Mandaluyong City. These properties have a combined minimum disposal price of P145.41 million.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) successfully raised a total of P23.9 million from the sale of commercial and residential properties during a public bidding on October 9, 2014 held at the Bangko Sentral ng Pilipinas (BSP) Regional Office in Cebu City.
Read MoreThe Regional Trial Court (RTC) Branch 20 of Imus, Cavite issued a warrant of arrest on September 15, 2014 against Banlee C. Choa, former Chairman and President of the closed GMA Rural Bank. Mr. Choa was charged for estafa by the Department of Justice (DOJ) based on a complaint filed by the Philippine Deposit Insurance Corporation (PDIC) before the DOJ Task Force on Financial Fraud. Choa remains at large. PDIC is requesting the public’s assistance for any information that may assist in the arrest of Mr. Choa. The public may contact the PDIC Investigation Department at the 9th Floor, SSS Bldg., 6782 Ayala Ave. corner V.A. Rufino St., Makati City or call (02) 841-4120, (02) 841-4124 or (02) 841-4125.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) will service the deposit insurance claims of depositors of the closed Rural Bank of Lobo, Inc. starting on October 7, 2014 from 8:00 AM to 5:00 PM.
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