Article by:
Anna Leah Gonzales
MANILA – The Philippine Deposit Insurance Corporation (PDIC) said it completed the filing of 46 asset distribution plans (ADPs) with various liquidation courts nationwide last year, achieving its full-year target and accelerating the release of payments to creditors of closed banks.
In a statement Thursday, PDIC said the filings include 20 final ADPs and 26 partial ADPs, each representing a concrete step toward court-approved payouts.
ADPs are the primary legal mechanism through which assets of closed banks are distributed.
Each plan details how assets will be allocated based on their estimated realizable value as of a defined cut-off date.
PDIC said all distributions strictly follow the Rules on Concurrence and Preference of Credits under the Philippine Civil Code, along with other applicable banking and liquidation laws.
Depending on the stage of liquidation, the PDIC files either partial ADPs, covering specific assets already realized or liquidated, or final ADPs, which account for all remaining assets and pave the way for closing the bank’s liquidation.
Once approved by the liquidation courts, these ADPs will authorize the PDIC, as statutory liquidator of closed banks, to distribute liquidation proceeds and recovered bank assets to creditors in accordance with the law and will bring long-awaited payments closer to release.
“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,” PDIC President and Chief Executive Officer Roberto Tan said.
As of the end 2025, there are 303 closed banks, for a total of 1,245 banking units, under PDIC liquidation.
These include 64 closed banks whose final ADPs are pending with their respective liquidation courts. (PNA)
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