LA TRINIDAD, Benguet – Hundreds of depositors
decried the sudden closure of a rural bank here last week saying they were not
informed earlier so they could withdraw their deposits.
The Rural Bank of La
Trinidad here has been placed under the receivership of the Philippine Deposit
Insurance Corp. (PDIC) by the central bank’s Monetary Board.
The bank, whose head
office is located in this capital town of Benguet, has a lone branch in Dagupan
City, Pangasinan.
PDIC officials said
available records show the bank had 4,076 accounts with total deposit
liabilities of P116.6 million as of end-June.
It said total insured
deposits amounted to P98 million or 84.05 percent of the total deposits.
The PDIC officials
allayed fears of depositors saying they would be paid starting with those who
have P15,000 worth of deposits or less while the rest would be paid on a
gradual basis.
No comments:
Post a Comment