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Uninsured depositors of the shuttered Export and Industry Bank will take a haircut on their money once they are paid by the government, the Philippine Deposit Insurance Corp. (PDIC) said.

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                    [Title] => BSP approves Exportbank liquidation
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The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the Philippine Deposit Insurance Corp. (PDIC) said yesterday.

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                    [Title] => BSP OKs liquidation of ExportBank
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The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the state deposit insurer said on Tuesday.

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                    [Title] => Exportbank owners nix plan to sell assets
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Stockholders of shuttered Export and Industry Bank have withheld from giving their consent to the government to bid out the lender’s assets, putting the bank’s its rehabilitation in limbo, the Philippine Deposit Insurance Corp. (PDIC) said.

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The Philippine Deposit Insurance Corp. (PDIC) will not be able to complete the auction of shuttered Export and Industry Bank this year, the state agency’s chief said.

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                    [Title] => EIB Savings renamed Sun Savings Bank
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The Bangko Sentral ng Pilipinas (BSP) has approved the change in corporate name of EIB Savings Bank Inc. to Sun Savings Bank Inc. with the complete takeover of the new owners.
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                    [Title] => Exportbank trims first half loss to P334 million
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Export and Industry Bank (Exportbank) reported a net loss of 333.7 million in the first semester of 2010, down 26 percent from the P453-million net loss in the same period last year.
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                    [Title] => EIB Savings Bank acquired by consortium of venture capitalists
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                    [Title] => The Exportbank story: A tale of transformation
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Exportbank

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                    [Title] => BSP OKs liquidation of ExportBank
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The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the state deposit insurer said on Tuesday.

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Stockholders of shuttered Export and Industry Bank have withheld from giving their consent to the government to bid out the lender’s assets, putting the bank’s its rehabilitation in limbo, the Philippine Deposit Insurance Corp. (PDIC) said.

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                    [Title] => Exportbank trims first half loss to P334 million
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abtest

PDIC: Full payment to uninsured Exportbank depositors nearly impossible

April 29, 2013 - 4:07pm

Uninsured depositors of the shuttered Export and Industry Bank will take a haircut on their money once they are paid by the government, the Philippine Deposit Insurance Corp. (PDIC) said.

Business

BSP approves Exportbank liquidation

April 17, 2013 - 12:00am

The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the Philippine Deposit Insurance Corp. (PDIC) said yest...

Business

BSP OKs liquidation of ExportBank

April 16, 2013 - 4:43pm

The central bank has given its go-signal to the planned liquidation of the shuttered Export and Industry Bank (Exportbank), following two failed auctions, the state deposit insurer said on Tuesday.

Business

Exportbank owners nix plan to sell assets

December 13, 2012 - 12:00am

Stockholders of shuttered Export and Industry Bank have withheld from giving their consent to the government to bid out the lender’s assets, putting the bank’s its rehabilitation in limbo, the Philippine...

Business

PDIC won’t complete auctionof Export & Industry Bank this year

November 19, 2012 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) will not be able to complete the auction of shuttered Export and Industry Bank this year, the state agency’s chief said.

Business

Exportbank bidding fails

October 18, 2012 - 4:14pm

Business

EIB Savings renamed Sun Savings Bank

By Lawrence Agcaoili | December 4, 2011 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has approved the change in corporate name of EIB Savings Bank Inc. to Sun Savings Bank Inc. with the complete takeover of the new owners.

Business

Exportbank trims first half loss to P334 million

By Ted P. Torres | August 21, 2010 - 12:00am

Export and Industry Bank (Exportbank) reported a net loss of 333.7 million in the first semester of 2010, down 26 percent from the P453-million net loss in the same period last year.

Business

EIB Savings Bank acquired by consortium of venture capitalists

By Ted P. Torres | April 14, 2010 - 12:00am

EIB Savings Bank Inc., the thrift unit of Export and Industry Bank (EIB), has been acquired by a consortium of local venture capitalists for a yet undisclosed amount.

Business

The Exportbank story: A tale of transformation

By Carol E. Espiritu | May 22, 2006 - 12:00am

An internal transformation is quietly taking place in a relatively modest mid-sized commercial bank even as businesses continue to come into grips with a prolonged market slump and the added challenge of meeting...

Business As Usual