TODAY'S BUSINESS HEADLINES

Metrobank's investment banking arm eyes 5 IPOs, 3 bond transactions in 2H

Bills of Maynilad customers set to drop in 2H

Stock market, peso slump after US Fed signals end to economic stimulus

Philippine, Australia air talks collapse

BSP says ready to adjust monetary policy after US Fed signaled end to economic stimulus

PDIC starts payout of ExportBank deposit claims on June 19

InterAksyon.com means BUSINESS

MANILA - State-run Philippine Deposit Insurance Corp. on Friday said it will begin paying insurance claims of Export and Industry Bank depositors on June 19.

In a statement, PDIC said the payouts will be done in three batches, starting with the ExportBank head office and 12 branches, namely Bel-Air, Pasay Road, Rufino, Acropolis, Cubao-P. Tuazon, Binan-Carmona, Calamba, Angeles, Baguio City, Dagupan, Cabanatuan and Mabalacat.

Starting June 29, PDIC will pay depositors belonging to the following 12 branches: The Fort, Boni, Bacolod City, Cagayan de Oro, Cebu Plaridel, Cebu IT Park, Cebu Business Park, Davao Jacinto, Davao Recto, Iloilo, Imus and San Pedro.

The third batch would be issued payments starting July 11 and will include the following branches: Annapolis-Greenhils, Greenhills-Ortigas, Ayala Alabang, Las Piñas, Banawe, Del Monte, E. Rodriguez, Roosevelt, Timog, Binondo, Juna Luna, Masangkay, Sto. Cristo, Tutuban, UN Avenue, BF Homes, NAIA, Emerald Avenue, San Miguel Avenue, Kalookan, LRT Monumento, Valenzuela, Malabon, Navotas and H.V. Dela Costa.

PDIC said priority numbers would be given to depositors starting June 18 for the first batch; June 28, second batch; and July 10, third batch.

The priority number pertains to a specific appointment date when PDIC representatives will service the claims of depositors.  This schedule will also be posted in the bank’s premises and at the PDIC website, www.pdic.gov.ph.

ExportBank depositors with only one ATM account need only secure a printout of the ATM balance confirmation receipt from designated ATM sites. Depositors would have to present their ATM card, printout of the balance confirmation receipt and a valid ID before they can claim their priority number.

Depositors who fail to file their insurance claims onsite can do so starting August 9 through mail or in person at the 4th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, from 8:00 a.m. to 5:00 p.m.

Depositors have until April 28, 2014 to file their claims, after which PDIC will no longer accept any claim for insured deposits.

 

InterAksyon.com means BUSINESS

OTHER BUSINESS NEWS  
BREAKING NEWS  
Business Metrobank's investment banking arm eyes 5 IPOs, 3 bond transactions in 2H
Business Bills of Maynilad customers set to drop in 2H
Business Stock market, peso slump after US Fed signals end to economic stimulus
Business Philippine, Australia air talks collapse
Business BSP says ready to adjust monetary policy after US Fed signaled end to economic stimulus
Business 'The Philippines has arrived', executive says as Rolls Royce appoints distributor in Manila
Business | Opinion RANDOM WALKER | Stock market collapse points to rising economic risks
Business | Opinion COWARD'S INBOX | How managers conduct performance appraisals
Business Power crisis fears unnerve industry in booming Philippines
Business Where did OFWs' remittances go in 2Q?
World | Business Who has accounts in offshore tax havens? Investigative journos post database online
Opinion | Business COCKTALES | PCSO names PNoy campaign funder to arbitrate lotto case of Cojuangco in-law
Business 4 Filipino businessmen on Forbes list of Asian philanthropists