DEMOCRATIC PDIC: WE WILL PAY DESPOISTORS OF CLOSING ABRA RURAL BANK
By: Attorney De Legaspi
Democratic PDIC (Philippine Deposit Insurance Corp) will be paying the depositors of closing Abra Rural Bank over bankrupcy issues. All Deposits will be paid up to P500, 000 (Five Hundred Thousand).
Last year alone Democratic BSP closed down 14 Rural Banks. Among the Rural Banks major shareholders Jose Lagen Jr, Daisy Lagen, Land Bank of the Philippines, and Luisa Sotelo.
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