Banco Filipino branches closed for 'bank holiday'

[samsungster]

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MANILA, Philippines - Several branches of Banco Filipino on Tuesday said they were closed for a bank holiday.

A person in one branch said management is "fixing something with the BSP [Bangko Sentral ng Pilipinas]." Banco Filipino officials couldn't be reached for comment.

Banco Filipino has been seeking P25 billion in rehabilitation assistance and P19 billion in damages from the central bank for the 1985 closure that the Supreme Court said was illegal.

Bangko Sentral Governor Amando Tetangco and two deputy governors didn't immediately reply to text messages seeking a statement.

Spokeswoman Fe dela Cruz said a statement would be forthcoming.

In a separate development, Banco Filipino's thinly traded stock was delisted by the stock exchange last week, together with four other companies, for failure to submit regular reports. ANC Business

Banco Filipino branches closed for 'bank holiday' | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysis, Features

[7DMM]

funny that i passed by there last night and online pa ilang atm then around lunch ganina daghan tao sa gawas ka closed na

[iching]

ahaka sad ani oi,..

[peewee_toot]

daghan baya na alarmed ani. kuyaw2x ni dah...

[em_b]

hahaha. tarantar jud ko gaina. nakawithdraw pa ko sa ako money sa ila SM na atm. karun gabii, dili na daw mawithdrawhan.

[samamar21]

hahaha. tarantar jud ko gaina. nakawithdraw pa ko sa ako money sa ila SM na atm. karun gabii, dili na daw mawithdrawhan.

you are so lucky! my sister naa iya some of her deposits. unsaon na lang!

[Metz]

if less than 500k naa raman PDIC but medyo dugay makuha.

[edgeknife]

di ba nasira naman ning banco filipino sa una?? if i do remember, my teacher in college has a story of nino mulach when he was a child star, he deposited millions of money in the bank... then pag bank holiday sa una, nino mulach did not get the exact amount of millions sa una, but just a 100,000 PHP ra...

[Metz]

too bad for him.
dapat spread around jud na and invest anything above the PDIC insurance.

[lorenzoleo]

Bank is not really that safe in keeping money. it is good to let your money circulated into financial markets because it is where the bank also circulates its money.

Financial markets means (stock market, money market fund, mutual funds, bonds.)