PDIC to start paying EIB depositors by end-June

Posted at Apr 27 2012 12:25 PM | Updated as of Apr 27 2012 08:43 PM

The Philippine Deposit Insurance Corp. (PDIC) has taken over Export & Industry Bank, which declared a bank holiday on Friday. PDIC president Valentin A. Araneta assured ExportBank's depositors it will start paying insured deposits soon. "We expect to start paying all insured deposits by the end of June," he told ANC. [email protected], April 27, 2012