State-run Philippine Deposit Insurance Corp. (PDIC) has completed the filing of 46 asset distribution plans (ADPs) with various liquidation courts nationwide for 2025, achieving its full-year target and accelerating the release of payments to creditors of closed banks.
The filings include 20 final ADPs and 26 partial ADPs, each representing a concrete step toward court-approved payouts. Once approved by the liquidation courts, these ADPs will authorize the PDIC, as statutory liquidator of closed banks, to distribute liquidation proceeds and recovered bank assets to creditors in accordance with the law and will bring long-awaited payments closer to release.
ADPs are the primary legal mechanism through which assets of closed banks are distributed. Each plan details how assets will be allocated based on their estimated realizable value as of a defined cut-off date. All distributions strictly follow the Rules on Concurrence and Preference of Credits under the Philippine Civil Code, along with other applicable banking and liquidation laws.
Depending on the stage of liquidation, the PDIC files either partial ADPs, covering specific assets already realized or liquidated, or final ADPs, which account for all remaining assets and pave the way for closing the bank’s liquidation.
Filing these ADPs with the liquidation courts is a critical milestone, as liquidation court approval is required before any 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 Tan said.
With its 2025 ADP filing program completed, the PDIC continues to push forward the resolution of other closed banks under its liquidation portfolio.
As of end 2025, there are 303 closed banks, for a total of 1,245 banking units, under PDIC liquidation. This includes 64 closed banks whose final ADPs are pending with their respective liquidation courts.