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Bacolod City, Philippines Saturday, July 9, 2016
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PDIC advices borrowers
of rural bank to pay loans

MANILA -- The Philippine Deposit Insurance Corp., the receiver of the closed New Rural Bank of Binalbagan in Negros Occidental, is reminding borrowers of the bank to continue paying their loans and transact only with authorized PDIC representatives.

The New Rural Bank of Binalbagan was placed under receivership of the PDIC under Monetary Board Resolution No. 1002-A dated June 9.

In a statement it issued, PDIC advised borrowers of the New Rural Bank of Binalbagan to pay their loans and other obligations directly at any Philippine National Bank Branch under account name, PDIC FAO BURL–NEW RURAL BANK OF BINALBAGAN (NEGROS OCCIDENTAL) INC.

PDIC emphasized that it has not engaged any person, agent or agency to collect loan payments for and in behalf of the bank.

To ensure proper recording of their payments, PDIC further advised borrowers to keep copies of the PNB Deposit/Payment Slips. The PDIC emphasized that for payments to be valid, it must be supported by a machine-validated PNB Deposit/Payment Slip.

Official receipts will be issued by PDIC upon validation of payments and will be sent through mail to the borrowers.

For proper accounting of their payments, borrowers who do not receive their official receipts are advised to send a photocopy of their deposit slips by mail to the Deputy Receiver for loans, Ma. Nenita Gayla at the PDIC Office, 5th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City or via e-mail to Veronica Rolle at vorolle@pdic.gov.ph to Thelma Peña attbarias@pdic.gov.ph.

Borrowers of the bank may also communicate with the PDIC-Loans Management Department III at (02) 841-4963 or 841-4974. Queries may also be sent through email at pad@pdic.gov.ph.

The New Rural Bank of Binalbagan is a single-unit rural bank located at the National Highway, Brgy. Progreso, Binalbagan, Negros Occidental.*PNA






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