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PDIC bares deadline for claims

The Philippine DepositInsurance Corp. (PDIC) urged depositors of the closed Lapu-Lapu Rural Bank, Inc. to file their deposit insurance claims on or before the last day of filing claims for insured deposits on Jan. 29, 2018 either through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City, or personally during business hours at the PDIC Public Assistance Center, 3rdFloor,SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City.
 The PDIC Charter provides that depositors have until two years from bank closure to file their deposit insurance claims.
Lapu-Lapu Rural Bank was ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas on Jan. 28, 2016.
According to PDIC, deposit insurance claims for 281 deposit accounts with aggregate insured deposits amounting to P1.6 million have yet to be filed by depositors.
Data showed that as of Nov. 30, 2017, PDIC had paid depositors of the closed Lapu-Lapu Rural Bank the total amount of P55.1 million, corresponding to 95.5 percent of the bank’s total insured deposits amounting to P57.7 million.

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