Philippines – CB Rural Bank of San Juan Banned Re: Takeover

Philippines – CB Rural Bank of San Juan Banned Re: Takeover

On 16 May 2025, PHI DEP announced that depositors of the closed Rural Bank of San Juan (Southern Leyte) have until 29 May 2025 to file their deposit insurance claims.

    • Under the PHI DEP charter, depositors are given two years from the bank's takeover (on 29 May 2023 as detailed above) to file deposit insurance claims with PHI DEP.
    • PHI DEP also outlined the procedures and methods of filing a deposit insurance claim.