Tag: banco filipino

Biggest Bank Failures in the Philippines

Which were the biggest Philippine banks that failed? Based on total assets just before they were closed down, the biggest Philippine bank that failed was Export and Industry Bank. 1.  Biggest –>> Export and Industry Bank, a commercial bank Export and Industry Bank Inc., also known as Exportbank, had 28.75 billion pesos in total assets as […]

Banco Filipino Had Been Waving Red Flags

Banco Filipino, which was shuttered by the PDIC this March, had been waving red flags over a long time. But its depositors have not seen them. The RED flags: 1. Banco Filipino was closed by the Bangko Sentral ng Pilipinas in 1985 and remained closed until 1992. 2. The bank has not been submitting its […]