Saturday 17 August
Nov 10, 2018 @ 14:19

BSP shuts down rural bank in QC


Even this Metro Manila-based bank was not spared.

The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of the San Francisco Del Monte Rural Bank, Inc. on Thursday, Nov. 8.

The central bank is known to shut down rural banks, which are usually small lenders serving unreached areas in the provinces. But this one is rare, as the small lender is actually based in Quezon City.

The Philippine Deposit Insurance Corp. has taken over the bank for receivership and liquidation.

Another one bites the dust.

Please follow and like us:

Tags: , , , , , , , ,

Related Stories
The Bangko Sentral ng Pilipinas (BSP) ordered the closure of another lender in line with
The central bank and its trading platforms will be closed on Tuesday, April 23.
The bank is cooperating with authorities for the investigation.
A foreign firm is suddenly interested in this rural bank from Davao.


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.