Bidding for Exportbank slated for Oct. 18

By Michelle Remo

Philippine Daily Inquirer

3:36 pm | Tuesday, September 18th, 2012

The shuttered Export & Industry Bank. PHOTO BY ERWIN AGUILON/RADYO INQUIRER

MANILA, Philippines—Philippine Deposit Insurance Corp. has announced that the bidding for Export and Industry Bank, which was closed earlier this year due to insolvency, will be held on October 18.

“Preparations for the bidding to rehabilitate the closed Export and Industry Bank (EIB) are proceeding smoothly,” PDIC said in a statement Tuesday.

Follow Us

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=82598

Tags: bank rehabilitation , Banking and Finance , Business , Philippine Deposit Insurance Corp. , Philippines

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

seo tools