ALL creditors of the closed Opportunity Kauswagan Bank Inc. (a microfinance rural bank) have until May 2, 2022 to file their claims against the assets of the closed bank either by e-mail, mail or personally.

Creditors refer to any individual or entity with a valid claim against the assets of the closed Opportunity Kauswagan Bank Inc. and include depositors whose deposits exceed the maximum deposit insurance coverage (MDIC) of P500,000. The Philippine Deposit Insurance Corporation (PDIC) said creditors may file their claims through any of the following:

1. Online through e-mail at opportunity-pad@pdic.gov.ph;

2. Through mail addressed to the PDIC Public Assistance Department, Ground Floor, PDIC Chino Bldg., 2228 Chino Roces Ave., Makati City 1231. Claims filed by mail must have a postmark dated not later than May 2, 2022; or

3. Personal filing on an appointment basis only at the PDIC Public Assistance Center located on the third floor of the SSS Bldg., 6782 Ayala Ave., corner V.A. Rufino St., Makati City, Monday to Friday, 8 a.m. to 5 p.m. Appointments may be requested through the Public Assistance Hotline at (02) 8841-4141 or at toll-free number 1-800-1-888-7342 or 1-800-1-888-PDIC, by sending an e-mail request to opportunity-pad@pdic.gov.ph, or by sending a request through private message on PDIC’s official Facebook page at www.facebook.com/OfficialPDIC.

The prescribed Claim Form against the assets of the closed bank may be downloaded from the PDIC website at http://www.pdic.gov.ph/files/Claim_Form_Against_Assets_of_Closed_Banks.pdf. PDIC reminds creditors to transact only with authorized PDIC personnel.

Claims filed after May 2, 2022 shall be disallowed. PDIC, as Receiver, shall notify creditors of denial of claims through mail. Claims denied or disallowed by the PDIC may be filed with the liquidation court within 60 days from receipt of final notice of denial of claim or within 20 days from date of publication of the Order setting the Petition for Assistance in the Liquidation Proceeding for initial hearing, whichever is later.

In addition, PDIC said depositors with account balances of more than the MDIC of P500,000 who have already filed claims for the insured portion of their deposits as of May 2, 2022 are deemed to have filed their claims for the uninsured portion or the amount in excess of the MDIC.

PDIC, as receiver of closed banks, requires personal data from creditors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.

Opportunity Kauswagan Bank Inc. was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas on Dec. 2, 2021 and PDIC, as the designated receiver, was directed by the MB to proceed with the takeover and liquidation of the closed bank in accordance with Section 12(a) of

Republic Act No. 3591, as amended. It is a 23-unit microfinance rural bank with head office located in Jaro District, Iloilo City. Its branches and branch lite units are located in Antique, Iloilo, Aklan, Guimaras, Capiz, Cebu, Bohol and Leyte.

All requests and inquiries relating to Opportunity Kauswagan Bank Inc. shall be

addressed to the PDIC Public Assistance Department through e-mail at opportunity-pad@pdic.gov.ph, or through telephone number (02) 8841-4141.

Creditors outside Metro Manila may call the PDIC toll-free hotline during office hours at 1-800-1-888-PDIC (7342). Inquiries may also be sent as private message to the PDIC’s official Facebook page at www.facebook.com/OfficialPDIC. SPONSORED CONTENT