Sep 27, 2020

PDIC sets dialogues for depositors, borrowers of closed Palawan Bank

The Philippine Deposit Insurance Corporation (PDIC) is set to conduct eight Depositors-Borrowers Forums (DBFs) for the head office and branches of the closed Palawan Bank.

In a statement Wednesday, the PDIC said it is set to hold three DBFs on May 27, for the following branches: Brooke’s Point Branch at 9:00 a.m. at the Octagon Covered Gymnasium (Public Plaza); Quezon Branch at 2:00 p.m. at the Diwata Hall, and Carcar, Minglanilla and Naga Branches at 9:00 a.m. at the Enan Chiong Activity Center, East Poblacion, Naga City (beside City Hall), Cebu.

Two DBFs are scheduled on May 28 for the head office at 9:00 a.m. at the Puerto Princesa City Coliseum, in Barangay San Pedro and Liloan Branch at 9:00 a.m. at the Sta. Cruz Learning Center Covered Court, Landing, Catarman, Liloan, Cebu.

The DBF for Taytay Branch is scheduled on May 29 at 9:00 a.m. at the Taytay Municipal Covered Court, Taytay, northern Palawan.

On May 30, the DBF for Roxas Branch is scheduled at 9:00 a.m. at the Roxas Municipal Gymnasium, Barangay 2, Roxas.

The last DBF that will be conducted is for the Narra Branch on May 31 at 9:00 a.m. at the Narra Centerpoint (near Municipal Hall), Narra, Palawan.

The requirements and procedures for filing deposit insurance claims and settlement of loans will be explained during the forums, the statement said.

The Palawan Bank (Palawan Development Bank), Inc. was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on May 2, 2019. PDIC took over the bank on May 6, 2019.

For further information, depositors and borrowers may call the PDIC Public Assistance Department at (02) 841-4630. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888- PDIC or 1-800-1-888-7342. Inquiries may also be sent via e-mail to pad@pdic.gov.ph or by private message to PDIC’s Facebook page, @OfficialPDIC.

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