Tuesday 23 January
Powered by Ajaxy
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.

Tags: , , ,

Related Stories
The government has revived incentives for small banks to consolidate.
The Securities and exchange Commission has thumbed down the planned P1.2 billion follow-on offering of
Price increases will stay manageable over the next three years.

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - bilyonaryo.com.ph.