PDIC hits 2025 target for bank asset plans

The Philippine Deposit Insurance Corporation said last week it completed the filing of 46 asset distribution plans (ADPs) with liquidation courts nationwide last year, meeting its full-year goal and speeding up payouts to creditors of closed banks.

The filings include 20 final ADPs and 26 partial ADPs, each detailing how bank assets will be allocated based on their estimated realizable value as of a set cut-off date.

ADPs serve as the primary legal mechanism for distributing assets of closed banks. Partial ADPs cover assets already realized or liquidated, while final ADPs account for all remaining assets, paving the way for closing a bank’s liquidation.

All distributions follow the Rules on Concurrence and Preference of Credits under the Philippine Civil Code, as well as other banking and liquidation laws. Once approved by the courts, the PDIC, as statutory liquidator, can release proceeds to creditors and uninsured depositors.

“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 the 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 CEO Roberto Tan.

By the end of 2025, the PDIC was handling 303 closed banks comprising 1,245 banking units, including 64 banks whose final ADPs are still pending with liquidation courts.