The Supreme Court has rejected Banco Filipino’s bid to secure P25 billion in financial assistance from the Bangko Sentral ng Pilipinas (BSP), ruling that the now-shuttered thrift bank “lacked the capacity to sue.”

In a 24-page decision penned by Associate Justice Marvic Leonen, the high court dismissed Banco Filipino’s petition to enforce a 2010 Makati Regional Trial Court (RTC) ruling ordering the release of the funds.