Tag: Failed 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 […]

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 […]

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 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 […]

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 […]