Opportunity Kauswagan Bank prohibited from doing business
The Bangko Sentral ng Pilipinas prohibited Opportunity Kauswagan Bank from doing business in the Philippines.
The Philippine Deposit Insurance Corporation (PDIC) took over the bank on Dec 6, 2021, and assured that all valid deposits and claims will be paid up to the maximum deposit insurance coverage of Php 500,000 per depositor.
PDIC urges the depositors of the closed Opportunity Kauswagan Bank with balances of more than Php 100,000 to file their deposit insurance claims starting 4 March 2022, either through email, postal mail, or courier, or personally at the PDIC Public Assistance Center on an appointment basis.
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Bigwas
Bigwas blog about Criminal law and Procedure, Criminology and Crimes, Philippine Banking and Finance, Insurance and Investment.