Tag: failed rural banks

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 […]