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DEPOSIT insurance claims paid to insured depositors in 2020 have amounted to P124.11 million.
In its latest report, state deposit insurer Philippine Deposit Insurance Corp. (PDIC) said the payments represented claims for 7,072 valid deposit accounts maintained in five banks ordered closed in 2020, or 76 percent of the estimated total deposit accounts of 9,305.
The PDIC further said total payments accounted for about 60 percent of the total estimated insured deposits of P208.07 million in these five closed banks.
The Monetary Board of the Bangko Sentral ng Pilipinas ordered closed five banks from January to December 2020, namely, Providence Rural Bank Inc., Rural Bank of Tibiao (Antique) Inc., De La O Rural Bank Inc., San Fernando Rural Bank Inc. and Cooperative Bank of Aurora. ....