THE Bangko Sentral ng Pilipinas (BSP) has closed and placed under the receivership of Philippine Deposit Insurance Corp. (PDIC) a thrift bank in Cebu.

The PDIC said in a weekend circular that the central bank's Monetary Board has ordered the liquidation of Metro-Cebu Public Savings Bank in a decision dated March 31, 2022.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details