The Philippine Deposit Insurance Corporation (PDIC) meanwhile, assured the 500,000 depositors of the bank that there is sufficient funds to cover their deposits. PDIC claims that it would use its 61 billion peso fund to cover their deposits.
Data from the Bangko Sentral ng Pilipinas showed that as of June 30, 2011, LBC Bank had estimated total deposit liabilities of P6.09 billion, comprising one tenth of one percent of the total deposits of the Philippine banking system.
Insured deposits amounted to P3.73 billion.
Total number of accounts reached 321,516, of which 99.4 percent were fully covered by deposit insurance.
Juan Gregorio Araneta reportedly owns LBC bank, including Manuel Allende. The question that remains--will the Bangko Sentral investigate these bank executives?
Obviously, there will be no such probe and no liabilities. This is the problem.
Government should look deeper and investigate reasons behind the bank's closure. Who is the one responsible for the bank's humongous responsibilities? The Bangko Sentral and LBC bank owe the public an explanation.
Who has a big loan obligation with the bank? How many secured loans prior to its receivership? It is time to really investigate the actions of bank executives behind ailing banks so that this will not happen again.
the aranetas should do something to save their name. nakakahiya sila. perang pinaghirapan ng tao e aanabin pa. please have mercy naman po. walang kalaban laban ang mga depositors ninyo. talo pa ninyo ang mga mandarambong.
ReplyDeletehelp please aranetas. maawa naman kayo. kawawa naman ng depositors ninyo. robbery in broad daylight ang ngyari.
ReplyDeleteI am a victim of this bank. Nagtiwala ako sa pangalan ng LBC pero lolokohin lng pala ako.
ReplyDeleteNailagay ko lahat ng pera q d2 at ngaun insured deposit lng ang makukuha.
Sana makonsensya ang mga Araneta at isauli nila ang perang pinaghirapan ng mga depositors tulad ko
Nanawagan din ako na iwasan tangkilikin ang may tatak na LBC habang wala silang planong ayusin ang ginawa nilang kalokohan
the aranetas are holy cows in the phils. no one can cow them
ReplyDeletematuwid na pagnanakaw. matuwid na panloloko.
ReplyDeleteyan ang baluktot na daan
you should look into this again. the aranetas have been flaunting their wealth even after the banks closure. all their kids have new houses in forbes park. is that depositors money being used?
ReplyDelete