Tag: closed banks Philippines

Philippine Banks Closed in 2007

Here’s a list of banks closed by the BSP in 2007: 15   rural banks closed   2   savings bank closed (Sandigan Savings Bank and Area Development Bank) — 17   banks closed 17.  Rural Bank of Malilipot (Albay)    – Head office at Belen St., Malilipot, Albay    – Closed by the BSP on December 6, […]

Philippine Banks Closed Down in 2017

The year 2017 was a better year compared to the year 2016 in terms of Philippine bank failures. Only 7 banks were closed down. Six were rural banks and one was a thrift bank. In 2016, there were 22 banks closed down by the BSP and one voluntarily surrendered its banking license. Of the 22 […]

Banks Closed by BSP, 2000

In 2000, there were 23 Philippine banks closed by the BSP and taken over by the PDIC.  1     commercial bank (Urban Bank)  3     savings banks (Prime Savings Bank, Second Bulacan Development Bank                                          , and […]

Failed Banks, 2005

For the year 2005, a total of 10 banks failed, based on reports on the BIR and PDIC websites.  Two savings banks failed, namely Hermosa Savings & Loan Bank and Filhomes Savings and Loan Bank. 2     savings banks 8     rural banks — 10   failed banks 1.   Rural Bank of […]

Philippine Banks Closed by BSP in 2013

Over the past 5 years, a total of 133 banks in the Philippines have failed, and most of them were rural banks, based on data published on the website of the Philippine Deposit Insurance Corp. (PDIC) 2012:  24 failed banks               (1 commercial bank, 22 rural banks, 1 coop bank) 2011:  29 failed banks […]