THE Philippine Deposit Insurance Corp. (PDIC) has called on borrowers of closed Empire Rural Bank, Inc. to pay their loans notwithstanding the closure of the bank. Empire Rural Bank, a single-unit bank in Lipa City, Batangas, was closed by virtue of Monetary Board Resolution No. 297 dated Feb. 22.

PDIC, in a statement issued Tuesday, March 6, advised borrowers “to transact only with authorized PDIC representatives, emphasizing that it has not engaged any person, agent or agency to collect the loan payments for and in behalf of the bank.” Queries may be directed to the PDIC-Public Assistance Department through telephone no. (02) 841-4630 or 841-4631 or the toll-free hot line 1-800-1-888-PDIC (7342), e-mail address pad@pdic.gov.phor, or send a message at PDIC’s Facebook account www.facebook.com/OfficialPDIC.

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