Issue of November 4, 2018

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Creditors reminded on claims’ due date
by Rimaliza A. Opiña

Creditors of the Rural Bank of Luna, Apayao only have seven working days left to file their claims against the bank’s assets.

The creditors have until Nov. 13 to file their claims, the Philippine Deposit Insurance Corporation posted in its website.

The PDIC said claims filed after the Nov. 13 deadline will no longer be allowed.

Creditors may file their claims personally at the PDIC Public Assistance Center in Makati City, Monday to Friday, 8 a.m. to 5 p.m. Creditors may also file their claims through mail addressed to the PDIC Public Assistance Department, 6th floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City.

Claims filed by mail must have a postmark dated not later than Nov. 13. The prescribed claim form against the assets of the bank may be downloaded from

PDIC also reminds creditors to transact only with authorized PDIC personnel.

On Aug. 16, the Monetary Board (MB)of the Bangko Sentral ng Pilipinas ordered the closure of the Rural Bank of Luna. In accordance with Republic Act 3591 or the law that created the PDIC, the MB designated the PDIC to take over and liquidate all assets of the bank.

In case these claims are denied by the PDIC, creditors may appeal the same to the liquidation court, within 60 days after receipt of the official notice of disallowance.

The Rural Bank of Apayao with head office at Luna, Apayao has four branches all located in Abulug, Alcala, Allacapan, and Buguey in Cagayan Valley.

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