TAGBILARAN CITY, Bohol —In a year, Bank deposits in Bohol grew by 18.7 percent, registering a figure double than the regional growth and even drowning Cebu’s deposit growth, data from the Philippine Deposit Insurance Corporation (PDIC) showed.
Tag: Philippine Deposit Insurance Corporation
BSP closes Opportunity Kauswagan Bank
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) prohibited Opportunity Kauswagan Bank, Inc. from doing business in the Philippines through MB Resolution No. 1635.B dated December 2, 2021, which also directed the Philippine Deposit Insurance Corporation (PDIC), as Receiver, to proceed with the takeover and liquidation of the bank.