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  1. Monseratto's Avatar
    Monseratto
    Monseratto is offline Social Dementia
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    March 15th, 2011 04:40 PM #1
    ATM machines can no longer transact last night... All branches and offices are closed.


    http://beta.abs-cbnnews.com/business...d-bank-holiday

    Banco Filipino branches closed for 'bank holiday'
    abs-cbnNEWS.com
    Posted at 03/15/2011 2:51 PM | Updated as of 03/15/2011 2:51 PM


    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
    Last edited by Monseratto; March 15th, 2011 at 04:47 PM.
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  2. chua_riwap's Avatar
    chua_riwap
    chua_riwap is offline Tsikot Member Rank 5
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    March 15th, 2011 04:47 PM #2
    "Banco Filipino.....subok na matibay, subok na matatag!"


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  3. tidus1203's Avatar
    tidus1203
    tidus1203 is offline Wheelin and Dealin'
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    March 15th, 2011 04:52 PM #3
    You know what that means when a bank says "BANK HOLIDAY" baka "BANKRUPT" ibig nilang sabihin!
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  4. chua_riwap's Avatar
    chua_riwap
    chua_riwap is offline Tsikot Member Rank 5
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    March 15th, 2011 05:08 PM #4
    Quote Originally Posted by tidus1203 View Post
    You know what that means when a bank says "BANK HOLIDAY" baka "BANKRUPT" ibig nilang sabihin!

    yun na nga iyon. pinaganda lang.......
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  5. greenlyt's Avatar
    greenlyt
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    March 15th, 2011 05:21 PM #5
    Quote Originally Posted by tidus1203 View Post
    You know what that means when a bank says "BANK HOLIDAY" baka "BANKRUPT" ibig nilang sabihin!
    +1 when a bank declares bank holiday it means they can no longer service their deposits
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  6. uls's Avatar
    uls
    uls is offline Tsikot Member Rank 4
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    March 15th, 2011 05:23 PM #6
    nagtataka ako baket meron nagbabangko dyan

    sa dami ng bangko baket dyan?
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  7. vinj's Avatar
    vinj
    vinj is offline Running on Empty...
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    March 15th, 2011 05:54 PM #7
    Quote Originally Posted by uls View Post
    nagtataka ako baket meron nagbabangko dyan

    sa dami ng bangko baket dyan?
    Same here... To think matagal na silang tagilid.
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  8. mazingerZ's Avatar
    mazingerZ
    mazingerZ is offline Tera Patrick Fanatic
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    March 15th, 2011 06:05 PM #8
    To answer your query - old school kasi ang bumabanko dyan (vintage so to speak). Long running bank na rin kasi ang BF before it went kaput under Marcos.

    IMHO if a bank were offering double your money schemes (or any very lucrative time deposit rates) stay away from these banks. Illiquid na kasi sila. Now kung ang banko ay kuripot sa interest sure na liquid sila. This is a simple analogy but I've seen my fair share of bank closures na rin.
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  9. myk384's Avatar
    myk384
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    March 15th, 2011 06:19 PM #9
    Coincidentally, I saw a TV AD for Banco Filipino last Sunday. And two days later, knowing that the bank went bankrupt.
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  10. hondaboot
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    March 15th, 2011 10:42 PM #10
    baka may kinalaman eto sa Japan. baka mga Fil-Jap mga account holders dito

    kasi sa news Nikkei is down, Investors are pulling out from Japan, Tokyo has radiation etc. etc
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Banco Filipino goes Bank Holiday!