December 27, 2014 8:36 PM ET

Diversified Financial Services

Company Overview of Philippine Deposit Insurance Corporation

Company Overview

Philippine Deposit Insurance Corporation is a government organization that insures deposits of the banks. The organization assesses, examines, supervises, and co-regulates banks; liquidates closed banks; and publishes reports on bank deposits. It operates Deposit Insurance Fund, a fund insuring deposits of the banks in the event of a bank closure. The organization also offers physical and online publications for information on bank deposit insurance and financial stability topics; and addresses complaints of bank depositors. Philippine Deposit Insurance Corporation was founded in 1963 and is based in Makati, the Philippines.

4th - 10th Floor

SSS Building

6782 Ayala Avenue Corner

V.A. Rufino Street

Makati,  1226

Philippines

Founded in 1963

Phone:

63 2 841 4000

Fax:

63 2 817 3566

Key Executives for Philippine Deposit Insurance Corporation

Chief Executive Officer
Age: 65
Senior Vice President and General Counsel
Executive Vice President of Examination and Resolution Sector
Age: 64
Senior Vice President of Deposit Insurance Sector
Compensation as of Fiscal Year 2014.

Philippine Deposit Insurance Corporation Key Developments

Philippine Deposit Insurance Corporation Announces Executive Changes

Philippine Deposit Insurance Corporation announced that it has elected Cristina Que Orbeta as the deposit insurer's new president, replacing its former chief Valentin A. Araneta, who was earlier appointed as a member of the Bangko Sentral ng Pilipinas' Monetary Board. Prior to her election as the company chief, Ms. Orbeta served as the company’s officer in charge since July this year.

PDIC Puts 310 Properties Up For Sale

Philippine Deposit Insurance Corporation (PDIC) has put a total of 310 properties up for sale at the 9th Housing Fair. The properties have a combined minimum disposal price of PHP 145.41 million. The properties on sale are corporate assets as well as properties owned by various closed banks. These include residential, commercial and industrial properties located in the National Capital Region particularly in the cities of Caloocan and Pasay, and in various cities and municipalities in Ilocos Norte, Pangasinan, Bulacan, Nueva Ecija, Pampanga, Tarlac, Batangas, Cavite, Laguna, Mindoro Occidental, Mindoro Oriental, Quezon, Rizal, Romblon, Albay, Camarines Sur, Sorsogon, Aklan, Iloilo, Negros Occidental, Bohol, Cebu and Negros Oriental. It is selling the assets on cash and installment basis at discounted interest rates of up to 20% of the minimum disposal price on cash basis, and up to 10% of the minimum disposal price on installment basis.

PDIC To Bid Closed Banks Assets On October 9

Philippine Deposit Insurance Corporation will conduct a public bidding of closed banks assets on October 9, 2014 at the Bangko Sentral ng Pilipinas. Bids should be submitted from 9:00 AM until 2:00 PM. Subject of the public bidding, the third for the year, is a total of 126 residential and commercial lots with aggregate minimum disposal value of PHP 51.57 million.

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To contact Philippine Deposit Insurance Corporation, please visit www.pdic.gov.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.

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