Banking

Opportunity Kauswagan Bank prohibited from doing business in the Philippines The Bangko Sentral ng Pilipinas prohibited Opportunity Kauswagan Bank from doing business in the Philippines. The Philippine Deposit Insurance Corporation (PDIC) took over the bank on Dec 6, 2021, and assured that all valid deposits and claims will be paid up to the maximum deposit … Read more

Digital Banking in the Philippines Digital Banking Overview in the Philippines Digital banks are seen to play a vital role in adopting new technological innovations in financial services that will reach more Filipinos, achieving financial goals by 2023.   What is a Digital Bank? Digital bank is a bank with no physical branches/sub-branch or branch-lite … Read more

Rural Bank of Datu Paglas prohibited from doing business  The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) prohibited Rural Bank of Datu Paglas from doing business in the Philippines through Resolution No. 1110.A dated Aug 26, 2021, which also directed the PDIC as Receiver to proceed with the takeover and liquidation of the … Read more

Feel-Look-Tilt method to check Philippine banknotes Check your banknotes. Use the Feel-Look-Tilt method to check its security features. Feel1. Security Paper2. Embossed Prints Look3. Watermark4. Security Fiber5. Asymmetric Serial Number6. See-Through Mark Tilt7. Security Thread8. Concealed Value9. Optically Variable Ink10.Optically Variable Device Patch Bangko Sentral ng Pilipinas (BSP) advises the public to carefully check the … Read more

To all Creditors of Rural Bank of Caloocan, Inc.: Filing of claims against the bank’s assets is until 13 September 2021 only. PDIC urges creditors of closed Rural Bank of Caloocan to file their claims against the bank’s assets on or before 13 Sept 2021. Claims may be filed thru email at caloocanrb-pad@pdic.gov.ph, mail or … Read more