PDIC Does Not Know When People Will Get Their Money
The Philippine Depositor Insurance Corporation (PDIC) is assuring clients of the banks that declared a bank holiday on Monday and shut down by the PDIC soon afterwards say people will get their money back. Exactly when that will happen, they don’t know.
That has to be a real hardship for some people, especially at Christmas time. The PDIC explained they to examine the records of the bank before making payouts. The Pilipino Rural Bank Incorporated was taken over on December 12th and the Philippine Countryside Rural Bank was also taken
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