PIA - Caraga Regional Office

(PAGASA 24-HOUR PUBLIC WEATHER FORECAST as of Friday, 21 February 2025) Shear Line affecting the eastern section of Northern Luzon. Intertropical Convergence Zone (ITCZ) affecting Southern Mindanao. Northeast Monsoon affecting Extreme Northern Luzon. 𝗙𝗢𝗥𝗘𝗖𝗔𝗦𝗧 𝗪𝗘𝗔𝗧𝗛𝗘𝗥 𝗖𝗢𝗡𝗗𝗜𝗧𝗜𝗢𝗡: Butuan City, Agusan del Norte, Agusan del Sur, Dinagat Islands, Surigao del Norte and Surigao del Sur will experience cloudy skies with scattered rains and isolated thunderstorms due to Shear Line. Possible flash floods or landslides due to moderate to heavy rains. 𝗙𝗢𝗥𝗘𝗖𝗔𝗦𝗧 𝗪𝗜𝗡𝗗 𝗔𝗡𝗗 𝗖𝗢𝗔𝗦𝗧𝗔𝗟 𝗪𝗔𝗧𝗘𝗥 𝗖𝗢𝗡𝗗𝗜𝗧𝗜𝗢𝗡: Moderate to strong winds coming from Northeast will prevail with moderate to rough seas / (1.5 to 3.1 meters).

Wednesday, 19 February 2025

PDIC’s real property disposal process re-certified to ISO 9001:2015 standards

MANILA -- The Philippine Deposit Insurance Corporation (PDIC) maintained its ISO 9001:2015 certification for its quality management system (QMS) for real property disposal following a successful surveillance audit that concluded in November 2024.

In its audit report released in December 2024, certifying body TÜV Rheinland affirmed that the PDIC has an effective system that ensures its compliance with corporate policy and objectives. Notably, the audit revealed no non-conformities, highlighting the Corporation’s sustained commitment to align its core processes with international benchmarks. The PDIC’s QMS for real property disposal has been certified under ISO 9001:2015 standards since 2019.

The real property disposal process is an important component of the Corporation’s mandate to liquidate the assets of closed banks. The PDIC employs various modes of asset disposal, including the conduct of public biddings, negotiated sales, lease-purchase, donation, transfer, or sale to other government agencies.

TÜV Rheinland also positively cited the enhancement of the PDIC’s electronic bidding portal, the conduct of comprehensive localized promotional campaigns to boost asset sales in various provinces nationwide, and collaborations with various real estate organizations and other government agencies for the continual improvement of asset disposal initiatives.

An ISO certification 9001:2015 is a seal of approval from a third-party certifying body that gives credibility to an organization’s QMS. Certifications for core corporate processes and their support processes assure clients and other stakeholders of efficient service delivery.

Aside from real property disposal, the PDIC’s QMS in four other core services, together with their respective support processes, continued to be certified under ISO 9001:2015 standards. These core processes include claims settlement operations, assessment of member banks, loans management, and bank examination.

PDIC, as the state deposit insurer, promotes and safeguards the interest of the depositing public by way of providing deposit insurance coverage on all insured deposits and by working closely with financial regulators to promote financial stability. As the statutory receiver, the Corporation is also mandated to liquidate the assets of closed banks through loans collections and management and disposal of assets. Proceeds from the disposal of closed banks’ assets are added to the pool of liquid assets of closed banks which will be used to help settle claims of their creditors and uninsured depositors. (PDIC/PIA-Caraga)

Wednesday, 19 February 2025

PDIC starts deposit insurance payments to depositors of the closed Emerald Rural Bank, Inc.

MANILA -- The Philippine Deposit Insurance Corporation (PDIC) announced that it started paying deposit insurance through Postal Money Orders (PMOs) and Land Bank Visa Debit Cards (LVDC) on February 10, 2025, to all depositors eligible for outright payment who maintained deposits with the closed Emerald Rural Bank, Inc.

Eligible for outright deposit insurance payment are individual depositors and registered entities with valid deposit account balances of P500,000 or less, provided they have no outstanding loans with the closed bank and have complete mailing addresses in the bank records or have updated this information through the PDIC Mailing Address Update Form (MAUF). These depositors do not need to file deposit insurance claims, saving them time and resources through the streamlined process.

Individual depositors of accounts with outstanding balances of P5,000 and below and registered entities regardless of amount will be paid via PMOs sent to their registered or updated mailing addresses.

PMOs paid to the individual depositors may be encashed either with the local post office or with the nearest branch of the Land Bank of the Philippines while PMOs paid to registered entities are for deposit only to their respective bank accounts.

Individual depositors of accounts with outstanding balances exceeding P5,000 and up to P500,000 will be paid through LVDCs, instructions for which shall be included in the Payment Notices (PNs) to be sent to their registered or updated mailing addresses.

Simplifying the settlement process and leveraging the extensive networks of the Philippine postal system and LandBank, payments either through PMOs or LVDCs offer eligible depositors convenient and efficient ways to receive their deposit insurance payments. These approaches also support financial inclusion by helping depositors have continuing access to banking services despite the bank’s closure.

Individual depositors and registered entities who have not received their PMOs or PNs after April 15, 2025 from their Local Post Office are advised to contact the PDIC Public Assistance Department during office hours at telephone number (02) 8841-4141, or e- mail PDIC at emerald-pad@pdic.gov.ph. Depositors outside Metro Manila may call the PDIC.

Toll Free Hotline during office hours at 1-800-1-888-PDIC (7342). Inquiries may also be sent to the official PDIC Facebook page at www.facebook.com/OfficialPDIC.

Emerald Rural Bank, Inc. was ordered closed by virtue of Monetary Board Resolution No. 77.A dated January 23, 2025. It is a single-unit rural bank located at Blk 45 Lot 12 Brgy. Sta. Cruz I, City of San Jose del Monte, Bulacan. (PDIC/PIA-Caraga)

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