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PDIC advises borrowers of Koronadal Rural Bank (South Cotabato) to pay their obligations |
The Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Koronadal Rural Bank (South Cotabato), Inc., reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives. Koronadal Rural Bank was placed under the receivership of the PDIC by virtue of Monetary Board Resolution No. 428 dated March 10, 2016. In a statement, PDIC advised borrowers of Koronadal Rural Bank to pay their loans and other obligations directly at any Philippine National Bank (PNB) Branch under account name, PDIC FAO BURL - KORONADAL RURAL BANK (SOUTH COTABATO). PDIC emphasized that it has not engaged any person, agent or agency to collect the loan payments for and in behalf of the bank. To ensure proper recording of their payments, PDIC further advised borrowers to keep copies of the PNB Deposit/Payment Slips. The PDIC emphasized that for payments to be valid, it must be supported by a machine-validated PNB Deposit/Payment Slip. Official receipts will be issued by PDIC upon validation of payments and will be sent through mail to the borrowers. For proper accounting of their payments, borrowers who do not receive their official receipts are advised to send a photocopy of their deposit slips by mail to the Deputy Receiver for loans Ms. Ma. Nenita N. Gayla at the PDIC Office, 5th Floor, SSS Bldg., Ayala Avenue corner V.A. Rufino St., Makati City or send via e-mail to Ms. Veronica O. Rolle at vorolle@pdic.gov.ph and to Ms. Thelma A. Peña at tbarias@pdic.gov.ph. Borrowers of the bank may also communicate with the PDIC-Loans Management Department III at (02) 841-4963 or 841-4974. Queries may also be sent through email at pad@pdic.gov.ph. Koronadal Rural Bank is a three-unit rural bank with Head Office located at Alunan Avenue, Koronadal City, South Cotabato. Its two branches are located in Gen. Luna, Digos City, Davao del Sur, and in Sto Niño, Koronadal City, South Cotabato. * * * * * The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963 by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together. A joint account shall be insured separately from any individually-owned deposit account. PDIC news/press releases and other information are available at the website, www.pdic.gov.ph. |
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