Export and Industry Bank

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Export and Industry Bank
Former type Public (PSE: EIBA and EIBB)
Industry Financial Services
Fate Under government receivership
Founded 1996
Defunct 2012
Headquarters Makati, Philippines
Key people Juan Victor S. Tanjuatco, President
Website www.exportbank.com.ph

Export and Industry Bank (EIB) (formerly PSEEIBA and EIBB), also known as Exportbank, was a commercial bank in the Philippines. It acquired Urban Bank in 2001 after the former collapsed due to its closure by the Bangko Sentral ng Pilipinas. It formed in 1996 by the Lippo Group based in Hong Kong. It was placed under receivership by the Philippine Deposit Insurance Corporation (PDIC) on April 27, 2012 after it was closed by the Bangko Sentral ng Pilipinas on the basis of being insolvent.[1] This was after fall-out of a rehabilitation deal between it and Banco de Oro Universal Bank (BDO) but did not push through due to the pending legal matters concerning the bank that stopped short of the deal. Exportbank had liabilities worth around PHP700 to 800 million.[2]

Subsidiaries and affiliates[edit]

Exportbank was divided into the following subsidiaries and affiliates:

Former subsidiaries and affiliates[edit]

Ownership[edit]

References[edit]

  1. ^ Michelle Remo and Tetch Torres (27 April 2012). "BSP closes Export and Industry Bank over liabilities". Philippine Daily Inquirer. Retrieved 27 April 2012. 
  2. ^ Alvin Elchico (27 April 2012). "Liquidity problems, bad luck may have doomed Export Bank". ABS-CBN News and Current Affairs. Retrieved 27 April 2012. 

External links[edit]