July 28, 2017 7:13 AM ET

Diversified Financial Services

Company Overview of Philippine Deposit Insurance Corporation

Company Overview

Philippine Deposit Insurance Corporation is a government organization that insures deposits of the banks. The organization assesses, examines, supervises, and co-regulates banks; liquidates closed banks; and publishes reports on bank deposits. It operates Deposit Insurance Fund, a fund insuring deposits of the banks in the event of a bank closure. The organization also offers physical and online publications for information on bank deposit insurance and financial stability topics; and addresses complaints of bank depositors. Philippine Deposit Insurance Corporation was founded in 1963 and is based in Makati, the Philippines.

4th - 10th Floor

SSS Building

6782 Ayala Avenue Corner

V.A. Rufino Street

Makati,  1226

Philippines

Founded in 1963

Phone:

63 2 841 4000

Fax:

63 2 817 3566

Key Executives for Philippine Deposit Insurance Corporation

Chief Executive Officer, Vice Chairman and Director
Age: 68
Senior Vice President and General Counsel
Executive Vice President of Examination and Resolution Sector
Age: 67
Senior Vice President of Deposit Insurance Sector
Compensation as of Fiscal Year 2017.

Philippine Deposit Insurance Corporation Key Developments

The Philippine Deposit Insurance Corporation Announces the Appointment of Banker Anita Linda R. Aquino as a Member of the its Board of Directors

The Philippine Deposit Insurance Corporation announced the appointment of banker Ms. Anita Linda R. Aquino as a member of the PDIC Board of Directors. Prior to joining PDIC, Ms. Aquino held posts in various banks in Manila, New York, and Singapore in the area of Treasury/Financial Markets. She was Head of Financial Markets Sales at Citibank, a Senior Vice President and Head of Global Distribution and Advisory Division at Rizal Commercial Banking Corporation (RCBC) and an Executive Director, Head of Financial Markets Sales (Philippines) at Standard Chartered Bank. She likewise worked as Regional Trading Business Manager for Asia at the Singapore-based Citicorp Investment Bank Limited.

PDIC Seeks To Sell Assets

Philippine Deposit Insurance Corporation through its Real & Other Properties Acquired (ROPA) Disposal Committee, is set to dispose on an as-is, where-is basis 69 assets consisting of 68 assets owned by various closed banks and an asset acquired by the Corporation via a public bidding to be conducted on February 28, 2017.

PDIC Seeks Assets Sale

Philippine Deposit Insurance Corporation through its Real & Other Properties Acquired (ROPA) Disposal Committee, is seeking to sell 133 assets acquired by the Corporation and owned by closed banks with an aggregate minimum disposal value of PHP65.58 million through a sealed bidding on October 25, 2016.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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