For over five years, depositors of AMA Rural Bank of Mandaluyong, Inc. (“AMA Bank”) have been left in limbo, unable to access their hard-earned money. Many of them, particularly senior citizens, have tirelessly pursued justice, hoping for a resolution that would allow them to reclaim their deposits.
Tag: ama bank
AMA Bank Seeks Clarification from BSP Following Contradictory Statements on Reopening and Depositor Payments
In response to the Bangko Sentral ng Pilipinas’ (BSP) press release titled Statement on AMA Bank Case issued on January 30, 2025, AMA Rural Bank of Mandaluyong, Inc. (AMA Bank) seeks clarification on BSP’s position regarding its pending second Motion for Reconsideration with the Supreme Court and the bank’s reopening.