THE Bangko Sentral ng Pilipinas (BSP) ordered a rural bank and a savings bank closed and placed under receivership, state-run Philippine Deposit Insurance Corp. (PDIC) announced.
Pangasinan-based Malasiqui Progressive Savings and Loan Bank Inc. and Apayao-based Rural Bank of Luna were prohibited from doing business and their assets and affairs placed under the control of the PDIC.
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