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Bacolod City, Philippines Wednesday, February 21, 2018
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Rural Bank of Basay depositors
urged to file insurance claims

The Philippine Deposit Insurance Corporation is urging depositors of the closed Rural Bank of Basay (Negros Oriental) Inc. to file their deposit insurance claims on or before March 5, its press release said.

The PDIC Charter provides that depositors have until two years from bank closure to file their deposit insurance claims. Rural Bank of Basay was ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas on March 3, 2016.

The PDIC said deposit insurance claims for 47 accounts with aggregate insured deposits amounting to P67,042.73 have yet to be filed by depositors. Data showed that, as of December 31, 2017, PDIC had paid depositors of the closed Rural Bank of Basay P87,059.39, corresponding to 56.0 percent of the bank's total insured deposits amounting to P155,312.08, the press release said.

After March 5, 2018, the PDIC shall no longer accept any deposit insurance claims. Their recourse is to file claims against the assets of the closed bank through PDIC as liquidator.

The deposit insurance claims could be filed either through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City, or personally during business hours at the PDIC Public Assistance Center, third floor of the same building.

For more details, those interested may contact the Public Assistance Department at (02) 841-4630 to 31, or e-mail pad@pdic.gov.ph. Those outside Metro Manila may call the PDIC toll free at 1-800-1-888-PDIC or 1-800-1-888-7342. Inquiries may also be sent as private message at Facebook through www.facebook.com/OfficialPDIC , the press release added.*


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