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PDIC pays P131.2m to depositors

State-run Philippine Deposit Insurance Corp. said it paid P131.2 million in deposit insurance to depositors of the closed Rural Bank of Goa (Camarines Sur) Inc. as of Sept. 30, 2017. 

The amount represented 90.7 percent of the total estimated insured deposits of P144.6 million in the bank.

PDIC said the payments consisted of P13.4 million for 1,582 accounts with balances of P100,000 and below where filing of claims was waived, and P117.8 million for 483 accounts with filed claims. 

The total number of accounts paid reached 2,065 or 74 percent of the total number of insured accounts. Payments for accounts with balances of P100,000 and below were made through postal money prders (PMOs) issued by the Philippine Postal Corp.

PDIC said it would continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Goa.

 

Topics: Rural Bank of Goa , PMOs
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