BSP places rural bank under PDIC
Posted on July 21, 2010, 7:23 PM under Baras in the News
Is the only bank in Baras now closed?
The Monetary Board of the Bangko Sentral ng Pilipinas recently prohibited Rural Bank of Saint Joseph from doing further business and has placesd its assets under the receivership of Philippine Deposit Insurance Corporation.
Being placed under the receivership means that PDIC will take charge of the assets and liabilities of the bank, manage bank properties, continue into liquidation and dispose assets of the bank.
In its Resolution Number 940 dated July 15, BSP said that RBSJ has “insufficient realizable assets to meets its liabilities” and “cannot continue in business without involving probable losses to its depositors.” BSP further said that there was a failure of the management to “restore the bank’s financial health and viability despite considerable time given to address the bank’s financial problems, and that the bank had been accorded due process.”
In a statement, the bank’s manager Isabelito Manio said they will file a Motion for Reconsideration. He said that the BSP did not “had the chance to check the turn-around of the bank.”
“While it is true that the bank was not well maanged by previous owners who may have committeed irregularities for which they remain liable, it is not true that the financial status of the bank has not improved,” Manio said.
It added that additional capital were added after July 3, the day when BSP’s Integrated Supervision Department has examined the bank’s status. Manio defended that while there were minimal losses for the early months of 2010, the bank’s “financial performance has been improving.”
July 29th, 2010 at 5:21 am
mr. carigma, please keep us posted about this story. i am currently living abroad and i have an account in this bank. thanks.
August 4th, 2010 at 1:38 am
Anong hakbang o plano ang ginagawa ng Pamahalaang Bayan ng Baras sa laganap at kaliwa’t kanang nakawan na nagaganap sa bayan ng Baras? Mayor Robles malaki ang tiwala ng taong bayan sa inyu! Bigyan nyo kami ng kasiguruhan at kaligtasan sa loob ng aming mga kabahayan!
August 6th, 2010 at 4:50 pm
Wala ng kaligtasan ang taong bayan sa Bayan ng Baras.. Patuloy at laganap na nakawan sa araw araw.. Patuloy na lumalaganap dahil alam ng magnanakaw na walang magagawa ang Punong Bayan ng Baras at Pulisya… bakit nga ba? O baka nman ang may kinalaman sa nakawan ang ang mga bata Pulis o mga Pulis mismo kaya wala silang ginagwang hakbang.. Wala na kayong kaligtsan sa maliit na Bayan ng Baras.. Dahil sa walang kwentang Punong Bayan na hindi kayang pangalagaan ang Taong Bayan.. Isang malaking pagkakamali ang pagkakahalal sayo.. Kumilos ka!
August 6th, 2010 at 5:08 pm
Sa kinauukulan!
Iparating nyo lang sa Punong Bayan!
Aantayin nyo pa bang may mag buwis ng buhay bago kayo Umaksyon!! Ang laganap na nakawan sa ating munting bayang ay sumasalamin sa Pinuno ng Bayan… Pareparehas lang kayong magnanakaw!! Mabuti pa ang mga Tanod sa Pulis pinipilit na maging tapat sa tungkulin!
August 9th, 2010 at 10:56 am
@batang kaLye,,, sayang ang pagiging batangkaLye mo…mag-isip ka nman brod at dumiskarte,,,,,,,,kung taLagang may account ka nga dyan eh sana sa mga kamag-anak mo na ihabiLin,,,maLibak na lang kung uLiLa kang lubos,,,,???,,,,…..
August 12th, 2010 at 5:32 am
ping lacsow,
ano problema mo? bakit parang masyado ka atang apektado? i was just asking for update on this story pero iba agad ang banat mo. you’re no sense!
August 12th, 2010 at 6:26 am
ping lacsow
Hindi ganun kadali makuha ang deposited account sa isang banko lalo na’t nasa abroad. At kahit me kamag anak yan sa Baras, hindi nila basta basta makukuha yan hindi uubra habilin.
Batangkalye..
Wait mo announcement ng PDIC kung kelan ang claims settlement. You can go to the website http://www.pdic.gov.ph. Kung under receivership na yan you just have to wait for the settlement operation. If ever meron ng settlement operation you can assign a General power of attorney kung sino man gusto mo mag represent sayo sign by the consul or embassy kung saan mang bansa ikaw nag wowork. Dapat ang naka lagay sa SPA/GPA is represent,collect and encash para hindi na mag doble pagawa mo ng SPA/GPA and kung marerequest mo na 2 copies ibigay sayo ng consul much better co,z kukuhanin ng PDIC and original copy and need mo 1 copy for encashment sa assign bank.
August 12th, 2010 at 10:35 pm
thanks po ng marami, winter_2000!
August 17th, 2010 at 3:07 pm
ang problema dami maangas sa baras dito na lng may kontra agad
August 19th, 2010 at 5:55 pm
Sino po kaya ang maaari kong ma-contact tungkol sa Rural Bank of Baras? Meron lang akong name ng person na itatanong kung involve noon…pede po ninyo akong ma-contact kung merong may alam…0927-4486-998…God bless po
August 20th, 2010 at 1:58 am
@barasenio dati,,, ang hirap nman sa inyong mga tao kayo eh ayaw nyong makokontra at kapag nakontra kayo eh sasabihan nyo ng maangas o kung anu-ano pang mga saLita…pangkaraniwan na sa demokrasya yung kontrahan,,bakit ba ayaw mong makontra ka?,annnnu ka hari??????….
August 25th, 2010 at 8:52 pm
pwed po update pa ng mga important news bout baras…ty
August 26th, 2010 at 12:17 am
pede poh ba makahingi ng mga details about baras…rizal
or person na pede namin macontact regarding baras..kailangan po kasi namin sa defense eh..salamat po ng marami,,,..
August 26th, 2010 at 12:18 am
imessage nyo na lang po sa mail ko raniel_purpleheart@yahoo.com…nid na po cya this weekk..salamat po