An organization to help out depositors of Legacy banks

A huge number of depositors are waiting for a long time for the “promise” of the Philippine Deposit Insurance Corporation (PDIC) – the state-owned Philippine corporation designated to ensure the money of bank depositors of up to a certain maximum amount which was then P250,000.00 per... 

Source:  Greenoys Blog

PDIC to sell bank acquired properties of closed banks through sealed bidding

I recently came across an invitation to bid from the Philippine Deposit Insurance Corporation (PDIC). This invitation to bid is quite interesting because the properties that are for sale through sealed bidding are actually the Real and Other Properties Acquired (ROPA) of closed banks. I guess this... 

Source:  Foreclosure Philippines

Stochastic Musings: Member PDIC and the Million Dollar Mattress Search

Bank Deposits Now Insured Up to P500,000

Yes, tama ang basa mo! Tinaasan na ng PDIC ang deposit insurance to P500,000.[Read More]

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