STATE-RUN Philippine Deposit Insurance Corp. (PDIC) has paid most of the deposit insurance claims of the now-defunct Banco Filipino Savings & Mortgage Bank.
In a statement, PDIC said that as of August, it has paid about P6.13 billion in deposit insurance claims to depositors of Banco Filipino, representing 79 percent of its total estimated insured deposit of P7.76 billion.
According to the state deposit insurer, payments have been made to 135,983 accounts of total deposit accounts of 172,323.
It said that of the total payments made, P5.96 billion was paid during the ongoing onsite claims settlement operations for 51,090 accounts.
The balance of P169.33 million was previously paid to depositors with balances of P10,000 and below, without outstanding loans with BF and who had complete addresses in bank records totaling 84,893 accounts. Payments were made directly to the depositors.
PDIC reported that the onsite claims settlement operations for BF have been completed for 57 branches and this is ongoing for the last 5 branches until August 19, 2011.
It said that depositors who were unable to file their claims during the onsite claims settlement operations may file their claims at the PDIC office in Makati City starting August 31, 2011.
