Tag: failed banks

Banks Closed Down in 2018

See below the 12 banks closed down in 2018.   In 2017, only 7 Philippine banks failed. Six were rural banks and one was a thrift bank.This year, the month of January passed without any bank closed down, and I was glad. The programs of the BSP, PDIC and Landbank to strengthen rural banks must […]

Failed Banks in the Philippines, 2014

Newer lists:  Banks Closed Down in 2016                       Banks Closed Down in 2017  In 2013, there were 18 Philippine banks that failed.  All were rural banks.  The biggest was a cooperative rural bank — Cooperative Rural Bank of Bulacan — which had 18 branches. It was reported […]

Failed Banks in the Philippines, 2002

A total of 12 Philippine banks were closed by the BSP in 2002. Two of these 12 were savings banks or thrift banks — Unitrust Development Bank, based in Metro Manila, and All AsiaBank Corp., which operated in Davao City.   9     rural banks   1    cooperative rural bank   2     savings bank […]

Failed Banks in the Philippines, 2003

A total of 9 banks failed in 2003, all of them rural banks.  Two were cooperative banks, which are also considered rural banks. 1.  Rural Bank of Echague (Isabela), Inc.     – Taken over by the PDIC on January 20, 2003     – Liquidated by the court on June 12, 2003 2.  Bauan […]

Failed Philippine Banks, 2004

Two savings banks or thrift banks and two rural banks failed in 2004, based on reports on the PDIC and BIR websites. 1.  Rural Bank of Sto. Domingo (Albay), Inc.     – Taken over by the PDIC on January 8, 2004     – Liquidated by the court on May 27, 2004 2.  First […]

Philippine Banks Closed in 2009

A total of 31 Philippine banks failed in 2009:  27      Rural Banks    2       Savings Banks or Thrift Banks    2       Cooperative Banks —-  31       Banks 1  Rural Bank of Subangdaku (Cebu), Inc. – Head Office at Subangdaku, Mandaue City – Had 6 branches: Pamplona in Las […]