PDIC hits 2025 asset plan target

The Philippine Deposit Insurance Corp. said it has filed 46 asset distribution plans with liquidation courts nationwide in 2025, meeting its full-year target and moving to speed up payments to creditors of closed banks.

The filings cover 20 final asset distribution plans and 26 partial asset distribution plans, each representing a step toward court-approved payouts. Once approved by the liquidation courts, the plans will authorize the PDIC, as statutory liquidator of closed banks, to distribute liquidation proceeds and recovered bank assets to creditors in line with the law.

Asset distribution plans, or ADPs, are the main legal mechanism for distributing the assets of closed banks. Each plan sets out how assets will be allocated based on their estimated realizable value as of a defined cut-off date.

The distributions follow the Rules on Concurrence and Preference of Credits under the Philippine Civil Code, together with other applicable banking and liquidation laws, according to the PDIC.

Depending on the stage of liquidation, the PDIC files either partial ADPs, which cover specific assets already realized or liquidated, or final ADPs, which account for all remaining assets and pave the way for the closure of a bank’s liquidation. The filing of these plans is a key milestone because court approval is required before payments can be released to settle creditors’ claims.

“Every ADP we file brings creditors and uninsured depositors closer to receiving what is lawfully due to them. This is at the heart of the mandate of the PDIC — ensuring that closed bank stakeholders are paid in a timely, transparent, and orderly manner. Meeting our ADP target for 2025 reflects the Corporation’s strong momentum in advancing liquidation proceedings and settlement of claims of creditors and uninsured depositors,” PDIC President and CEO Roberto B. Tan said.

With its 2025 ADP filing program completed, the state deposit insurer said it is continuing work on the resolution of other closed banks under its liquidation portfolio. As of end-2025, the PDIC said 303 closed banks, with a total of 1,245 banking units, were under liquidation.

The agency said this includes 64 closed banks whose final ADPs are still pending before their respective liquidation courts.