THE central bank’s Monetary Board (MB) has ordered an Aklan-based rural bank closed and placed under receivership of the state-run deposit insurer.
In a circular, the central bank said the Monetary Board placed the six-unit Rural Bank of Malinao Inc. under the receivership of the Philippine Deposit Insurance Corp. (PDIC).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.