Tuesday 20 August
BSP shuts down 5th rural bank in May Jun 2, 2019 @ 15:21

BSP shuts down 5th rural bank in May

 

The Bangko Sentral ng Pilipinas (BSP) has closed down another rural lender, its fifth in a month.

BSP inks deal with Japan for direct peso-yen trading

East Coast Rural Bank of Hagonoy, Inc. Is permanently closed for business, the BSP announced late last week.

BSP warns public against spread of fake money: Look for watermark

The Bulacan-based bank runs one branch, with total deposits of P122 million spread across 1,412 accounts.

Reaching for the stars: BSP, DOF join forces for ‘A’ grade rating

The Hagonoy bank joined the four other banks that were earlier shut down by the BSP — The Palawan Bank (Palawan Development Bank), Valiant Bank, Rural Bank of Basey (Samar) and the Rural Bank of Guihulngan (Negros Oriental).

Diokno: Rate cut on the table for May meeting

The Philippine Deposit Insurance Corp. has taken over the Rural Bank of Hagonoy on May 31 as it starts liquidating the lender’s assets to pay off depositors.

BSP watching over BPI glitch as netizens ask for sanctions

Please follow and like us:
error

Tags: , , , , , , ,

Related Stories
Another one bites the dust.
The Sy family’s BDO Unibank Inc. has scaled up the issue size of its long-term
Even this Metro Manila-based bank was not spared.
This bank is selling big-ticket items in one go.


 

Trending News

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