Administrators told MPs that income from the winding up Laiki's assets has reached e1/4192 mln, while depositors
had lost a total of e1/44 bln.
Established in 1963 by Republic Act 3591, the PDIC provides depositor
protection and help maintains stability in the financial system by providing deposit insurance.
PDIC representatives will be distributing mailing address update forms at the bank premises and depositors
may submit the forms until May 29.
The Imperial Bank Depositors
Lobby Group now wants CBK governor Patrick Njoroge to come clean on the final percentage they are going to receive from the original deposits and the balance which will remain with the Kenya Depositors
The Monetary Board of the Central Bank of Sri Lanka (CBSL) at its meeting held on 08th February 2019, having considered the weak financial performances of TFC, decided to take a number of regulatory actions, as temporary measures, under the provisions of FBA, with effect from 15th February 2019, with a view to safeguard the interests of the depositors
and other stakeholders of the company, the Central Bank of Sri Lanka said in a statement on Friday.
The low number of bank depositors
suggests that the financial system is not fairly developed and it will be not wrong to say that Pakistan is an undocumented economy.
Shirzad added that the number of depositors
in the past six months has declined by 39 percent, from 1.225 million to 750,351 people.
According to the Corporation, the figure is higher than the N0.61 million paid to 13 depositors
This was the beginning of another long process as depositors
, unable to survive, fought to ward off creditors.
State Bank of Pakistan reiterates its commitment to safeguard the interest of depositors
and stability of the banking system of the country.
The court ruled on lawsuits filed against the Council of the European Union by two groups of plaintiffs, individuals and companies, which were at the time depositors
, bondholders or shareholders of the two banks and included the Nicosia-based Kypros Chrysostomides & Co.
39216-G of 2018 has made an order dated July 8, 2018, and the instructions provided in the order in no way pertain to the regular operations of the Summit bank and affects the depositor
's money, said a press release issued by State Bank of Pakistan (SBP) here on Monday.