The DIF provides the funds needed to payout part surety claims. PDIC’s DIF grew by 11.4 percent to P60.48 billion in 2008 from P54.3 billion in 2007.
The DIF has similarly grown at an general appraise of 9.4 percent annually over the continue five years. The begetter said the PDIC would not insure savings from banks that would be validated as doing unsafe and specious banking practices. The articulate insurer is punctilious when it comes to claiming indemnification deposits, extremely on documents such affidavit of circumstances that will simplify a depositor’s volume to advance payment such entirety with a bank.
PDIC’s predominance now is to serving the claims of meagre depositors with wonted savings accounts of P100,000 and below in Legacy banks. In December up to date year, the Monetary Board placed 13 agrarian banks under PDIC receivership due to grim liquidity problems and unsafe and afflicted banking practices. These banks consist of the Rural Bank of Paranaque, Pilipino Rural Bank, Rural Bank of Bais (Negros Oriental), Rural Bank of San Jose (Batangas), Bank of East Asia, First Interstate Bank, Philippine Countryside Rural Bank, Dynamic Rural Bank, Nation Bank, Rural Bank of Carmen (Cebu), Rural Bank of DARBCI, Bicol Development Bank and San Pablo City Development Bank. The PDIC has started servicing the dregs claims in Rural Bank of Paranaque at the rear month and on February 13, it proceeded to serve the insured deposits in the other 12 rustic banks.
The pastoral bank depositors with accounts of P100,000 and below assert about 62 percent of the add put accounts of more than 130,000 depositors. Meanwhile, the PDIC is pushing to proliferate the topmost drop guarantee coverage to P500,000 from the stream P250,000. But doing so requires congressional approval, and lawmakers have yet to voice up that matter.
Of the downright proposed extend in cover coverage, the PDIC would elbow P250,000 and the surviving half would come from the nationalistic government.
Estimation site: read here
No comments:
Post a Comment