philippines bankruptcy
Posted in Philippines General Information on 03/25/2008 11:29 am by admin 
Banking in the Philippines?
I was wondering what the bank of some of the more wealthy Filipinos use. The PDIC does not offer much in terms of peace of mind, should bankruptcy ever happened.
I think you should stay in the top 4 or 5 local, privately owned universal bank or his savings subsidiary bank (BPI, BDO, MBTC, RCBC is the top 4). Because of their size and position in the market, it is not likely that anything bad happens. They also may be largely spared from Battering international banks have experienced in the last couple of years.
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