How safe are other banks in the Philippines now a days?With the recent closing of Banko Filipino and now with the present closing of LBC development bank by PDIC would you think your own bank is safe in this so called bank run? I have a doubt about the banking system in my own Philippine Island. Why because of these scenarios. Should we blame the BSP or Central Bank of... | |
the banks that are safe in the Philippines are the international banks and ones owned by chinese, BDO - Henry Sy, Metrobank / PS Bank - George Ty, Robinson's Bank - Gokongwei, PNB / Allied Bank- Lucio Tan, Security Bank - Fred Dy, and others owned by chinese such as China Bank, Equitable PCI, and RCBC.
It is really sad nowadays that your money are being deposit on some bank and you will receive a notice that it had been close due to bankruptcy, such is the main reasons that before you put some amount in any bank, you must check its liability if they will not going to face some difficulties soon.
Security is the main reasons of it, besides, you cannot predict things now if you are saving some amount in the bank, unexpected scenario always occur without your knowledge.
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these are only isolated cases, banco filipino and LBCARE CLOSED . THEN THE REST ARE GOOD .
