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Manila Bulletin devider Business devider Banking & Finance devider PDIC fast-tracks payouts to closed bank creditors

PDIC fast-tracks payouts to closed bank creditors

Published Mar 19, 2026 03:19 pm

State-run Philippine Deposit Insurance Corp. (PDIC) said it has met its full-year target for 2025 after filing 46 asset distribution plans (ADPs) with liquidation courts nationwide, a move aimed at accelerating payouts to creditors of closed banks.

In a statement on Thursday, March 19, the state deposit insurer said the filings consist of 20 final ADPs and 26 partial ADPs, which are required to secure court approval before proceeds from liquidated bank assets can be distributed.

“Every ADP we file brings creditors and uninsured depositors closer to receiving what is lawfully due to them. This is at the heart of the mandate of PDIC—ensuring that closed bank stakeholders are paid in a timely, transparent, and orderly manner. Meeting our ADP target for 2025 reflects the corporation’s strong momentum in advancing liquidation proceedings and settlement of claims of creditors and uninsured depositors,” said PDIC President and Chief Executive Officer (CEO) Roberto B. Tan.

ADPs serve as the primary legal mechanism for distributing the assets of closed banks. Each plan outlines how assets will be allocated based on their estimated realizable value as of a specified cut-off date, in accordance with the rules on concurrence and preference of credits under the Philippine Civil Code and other applicable laws.

Once approved by the liquidation courts, the plans authorize PDIC, acting as statutory liquidator, to distribute proceeds and recovered assets to creditors.

PDIC files partial ADPs for assets that have already been realized or liquidated, while final ADPs cover all remaining assets and pave the way for the closure of a bank’s liquidation process.

As of end-2025, PDIC said it is handling the liquidation of 303 closed banks, covering a total of 1,245 banking units. Of these, 64 banks have final ADPs still pending with their respective liquidation courts.

The agency said the completion of its 2025 ADP filing program underscores its continued efforts to expedite the resolution of closed banks and facilitate the settlement of claims.

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