MikeLigalig.com

By Des Ferriols
Philippine Star

The Philippine Deposit Insurance Corp (PDIC) is asking the Bangko Sentral ng Pilipinas (BSP) for a P14-billion loan to pay the insurance claims of the depositors of 15 rural banks shut down by bank regulators.

BSP Governor Amando Tetangco Jr. said they have received the loan application but no decision has been made by the Monetary Board.

“The law does allow the PDIC to approach the BSP for assistance. They can do that,” Tetangco said.

PDIC president Jose Nograles told reporters that the PDIC has been authorized by its board to seek a P14-billion loan to finance the payout of deposit insurance claims that have accumulated since late last year.

Nograles said the PDIC had ample funds to settle the claims of 15 rural banks shut down by the central bank late last year and this January but he said the board decided to borrow anyway.

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Ang presidente diay sa PDIC ang apelyedo Nograles?  Ig unsa kaha ni speaker Nograles?   "According to them", Speaker Nograles was an investor of the Legacy group.  I don't know if this is true or not. 

Gilubong nalang namo ni sa kalimot among kaso sa Legacy.  Ang amo dili covered sa PDIC but on the double your money scheme - high return high risk.  Medyo sakit sakit pero ug mobalik maayo bisan gamay lang basta naa.  Usa me sa na biktima sa mga "sweet talk" aneng grupoha.  Pwe !!!   




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