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May 15, 2016 @ 10:40

BSP shuts down GSIS Family Bank

 

MANILA, Philippines – A thrift bank controlled by state pension fund Government Service Insurance System (GSIS) became the biggest lender to be shuttered by the Bangko Sentral ng Pilipinas (BSP) this year.

In a statement last Friday, the Philippine Deposit Insurance Corp. (PDIC) said GSIS Family Bank was closed down and assured its depositors their claims will be serviced and processed.

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