PDIC: Rural Bank of Nabunturan creditors to file claims until March 5

DAVAO DE ORO, February 3 (PIA) - - Creditors of the closed Rural Bank of Nabunturan (Compostela Valley), Inc. will have until March 5, 2022 to file claims against their assets to the Philippine Deposit Insurance Corporation (PDIC).

Creditors with valid claims against the assets of the bank, and depositors with more than the maximum deposit insurance coverage (MDIC) of PhP 500,000 may file their claims through email at nabunturan-pad@pdic.gov.ph.

PDIC may also accept documents through snail mail addressed to PDIC Public Assistance Department, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City 1226 provided that the postmark is dated not later than the deadline.

The insurance corporation announced that creditors may also file personally at their office as long as they will secure an appointment through the Public Assistance Hotline at (02) 8841-4141 or at Toll Free number 1-800-1-888-7342 or 1-800-1-888-PDIC; e-mail; or PDIC’s official Facebook page at www.facebook.com/OfficialPDIC.

The prescribed claim form against the assets of the closed bank may be downloaded from the PDIC website http://www.pdic.gov.ph/files/Claim_Form_Against_Assets_of_Closed_Banks.pdf

The corporation also said that claims beyond March 5 will be disallowed.

PDIC stressed that depositors with account balances of more than the MDIC, who will file their claims on or before March 5, 2022 are deemed to have filed their claims for the uninsured portion or the amount in excess of PhP 500,000.

PDIC reminded the creditors and depositors to transact business only with their authorized personnel.

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) ordered the liquidation of the Rural Bank of Nabunturan, Inc. on November 25, 2021, and directed the PDIC as receiver. PDIC took over the bank on November 29, 2021.

The bank is located at Purok 10, Echavez St., Brgy. Poblacion, Nabunturan, Davao de Oro.

According to reports from PDIC, the bank has 428 deposit accounts as of September 30, 2021 with total deposit liabilities of P11.7 million, of which 87.7% or P10.2 million are insured deposits. (PIA 11, Michael Uy)

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