MANILA — State-run Philippine Deposit Insurance Corp. (PDIC) said it will continue servicing the claims of closed banks such as Banco Filipino despite the impending departure of its current president.
The agency will also beef up its manpower starting this week to conduct claims receiving operations for Growers Rural Bank and GMA Rural Bank of Cavite.
“The almost simultaneous PDIC operations in these three closed banks will be undertaken even as the corporation is going through a leadership transition,” PDIC officer-in-charge Imelda Singzon said, referring to the resignation of outgoing president Jose Nograles in May 31.
Singzon, who is currently PDIC executive vice president, explained that PDIC has policies in place to ensure operational continuity and stability.
This is not the first time that PDIC has undergone a transition in leadership. She pointed out that leadership changes had taken place in 2003, 2006, and 2007.
Nograles recently tendered his resignation citing policy differences with PDIC chairman and Finance Secretary Cesar Purisima who immediately accepted the resignation.
The term of Nograles is supposed to expire June next year as he just assumed the term of former PDIC president Mike Osmeña who died in 2007 due to cancer. The president of PDIC has a fixed term of six years.
This early, Singzon said former Presidential Commission on Good Government (PCGG) commissioner Caesar Parlade is one of the names being considered to head PDIC.
Parlade recently resigned as general manager of Deutsche Knowledge Services of the Deutsche Bank Group. He also served as head of PDIC’s supervision and examination sector between 1991 and 1997.
Like Purisima, Parlade worked and started his career at premier accounting firm SGV & Co. (Virgil Lopez/Sunnex)