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The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank as it continues to weed out weak players in the banking industry to protect the interest of depositors.

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                    [Title] => Two more rural banks shut down
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Two more rural banks folded up early this month, bringing to 14 the number of weak players ordered closed by the Bangko Sentral ng Pilipinas (BSP) this year.

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                    [Title] => Smaller banks remain well-capitalized, says BSP
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The Bangko Sentral ng Pilipinas (BSP) reported yesterday the capital position of the country’s thrift, rural, and cooperative banks remained healthy amid the exit of weak players.

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                    [Title] => PDIC extends deposit claims from closed Bukidnon bank
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State-run Philippine Deposit Insurance Corp. (PDIC) is extending the processing of insurance deposit claims of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. after servicing a little more than half of the deposit accounts.

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                    [Title] => Earnings of rural, coop banks down 16.8% in first half
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Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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                    [Title] => PDIC sets Oct 1 auction of closed banks’ assets
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State-run Philippine Deposit Insurance Corp. (PDIC) is raising close to P23 million from the sale of assets of closed banks in the provinces scheduled on Oct. 1.

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                    [Title] => PDIC set to pay depositors of closed RB
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State-run Philippine Deposit Insurance Corp. (PDIC) is set to start paying depositors of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. in the second week of September.

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                    [Title] => BSP padlocks Bukidnon bank
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The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank based in Bukidnon and placed all its assets under the supervision of the state-run Philippine Deposit Insurance Corp. (PDIC).

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                    [Title] => Depositors of closed banks urged to file claims
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The Philippine Deposit Insurance Corp. has urged depositors of the closed Community Bank (Rural Bank of Alfonso, Inc.) and Rural Bank of Magsingal (Ilocos Sur) Inc. to file insurance claims starting next week.

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                    [Title] => BSP closes Ilocos bank
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Another rural bank has been ordered closed by the Bangko Sentral ng Pilipinas, the Philippine Deposit Insurance Corp. said in a statement yesterday.

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COMMUNITY BANK

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The Bangko Sentral ng Pilipinas (BSP) reported yesterday the capital position of the country’s thrift, rural, and cooperative banks remained healthy amid the exit of weak players.

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State-run Philippine Deposit Insurance Corp. (PDIC) is extending the processing of insurance deposit claims of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. after servicing a little more than half of the deposit accounts.

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                    [Title] => Earnings of rural, coop banks down 16.8% in first half
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Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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State-run Philippine Deposit Insurance Corp. (PDIC) is raising close to P23 million from the sale of assets of closed banks in the provinces scheduled on Oct. 1.

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                    [Title] => PDIC set to pay depositors of closed RB
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State-run Philippine Deposit Insurance Corp. (PDIC) is set to start paying depositors of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. in the second week of September.

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                    [Title] => BSP padlocks Bukidnon bank
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The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank based in Bukidnon and placed all its assets under the supervision of the state-run Philippine Deposit Insurance Corp. (PDIC).

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                    [Title] => Depositors of closed banks urged to file claims
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The Philippine Deposit Insurance Corp. has urged depositors of the closed Community Bank (Rural Bank of Alfonso, Inc.) and Rural Bank of Magsingal (Ilocos Sur) Inc. to file insurance claims starting next week.

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                    [Title] => BSP closes Ilocos bank
                    [Summary] => 
Another rural bank has been ordered closed by the Bangko Sentral ng Pilipinas, the Philippine Deposit Insurance Corp. said in a statement yesterday.

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abtest

BSP padlocks Cebu-based rural bank

By Lawrence Agcaoili | February 2, 2016 - 9:00am

The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank as it continues to weed out weak players in the banking industry to protect the interest of depositors.

Business

Two more rural banks shut down

By Lawrence Agcaoili | December 14, 2015 - 9:00am

Two more rural banks folded up early this month, bringing to 14 the number of weak players ordered closed by the Bangko Sentral ng Pilipinas (BSP) this year.

Business

Smaller banks remain well-capitalized, says BSP

By Lawrence Agcaoili | December 2, 2015 - 9:00am

The Bangko Sentral ng Pilipinas (BSP) reported yesterday the capital position of the country’s thrift, rural, and cooperative banks remained healthy amid the exit of weak players.

Business

PDIC extends deposit claims from closed Bukidnon bank

By Lawrence Agcaoili | October 17, 2015 - 10:00am

State-run Philippine Deposit Insurance Corp. (PDIC) is extending the processing of insurance deposit claims of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. after servicing a little more than half of...

Business

Earnings of rural, coop banks down 16.8% in first half

By Lawrence Agcaoili | October 11, 2015 - 10:00am

Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data...

Business

PDIC sets Oct 1 auction of closed banks’ assets

By Lawrence Agcaoili | September 25, 2015 - 10:00am

State-run Philippine Deposit Insurance Corp. (PDIC) is raising close to P23 million from the sale of assets of closed banks in the provinces scheduled on Oct. 1.

Business

PDIC set to pay depositors of closed RB

By Lawrence Agcaoili | August 30, 2015 - 10:00am

State-run Philippine Deposit Insurance Corp. (PDIC) is set to start paying depositors of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. in the second week of September.

Business

BSP padlocks Bukidnon bank

By Lawrence Agcaoili | August 25, 2015 - 10:00am

The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank based in Bukidnon and placed all its assets under the supervision of the state-run Philippine Deposit Insurance Corp. (PDIC). ...

Business

Depositors of closed banks urged to file claims

By Kathleen A. Martin | March 29, 2015 - 12:00am

The Philippine Deposit Insurance Corp. has urged depositors of the closed Community Bank (Rural Bank of Alfonso, Inc.) and Rural Bank of Magsingal (Ilocos Sur) Inc. to file insurance claims starting next week. ...

Business

BSP closes Ilocos bank

By Kathleen A. Martin | March 7, 2015 - 12:00am

Another rural bank has been ordered closed by the Bangko Sentral ng Pilipinas, the Philippine Deposit Insurance Corp. said in a statement yesterday.

Business