Articles worth reading

PNP-PDEA shootout leaves four dead

account_balanceMetro Manila access_time5 days ago

Four people were killed in Wednesday's controversial shootout between anti-drug operatives of the Philippine National Police and the Philippine Drug Enforcement Agency, authorities said in a report by CNN Philippines. Aside from the two pol...

Quezon City Mayor Joy Belmonte / QC PIO

Quezon City mayor wants better crowd management

account_balanceQuezon City access_time4 days ago

Quezon City government officials will meet with officers of the Quezon City Police District, barangays, QC Department of Public Order and Safety, QCDRRMO and other relevant agencies to discuss how crowding in encounter sites, like what happened in Co...

Gov’t moves to expedite vaccines rollout

account_balanceMetro Manila access_time5 days ago

Senator Christopher “Bong” Go assured the public that the government is fast-tracking the process of acquiring Covid-19 vaccines, according to a report by Philippine News Agency. During Go’s visit in Parola, Tondo, Manila wher...

Metro News

EastWest Bank looks for ‘missing’ deposits 

account_balanceMetro News account_circleRob Filimor chat_bubble_outline0 Comments

EastWest Bank is now conducting an investigation on the reported millions of pesos worth of deposits which went missing together with a female branch manager, according to a report by GMA News.

EastWest Bank said it is now in touch with the two owners of the deposits.

“To clarify recent reports and social media posts, we have found out that a branch manager of ours has gone missing together with the deposits of her two customers with whom she had been transacting for years,” the lender said.

Advertisement

The clients, EastWest Bank said, “have been informed that an internal investigation is ongoing and that we will credit back to their account the amount taken.”

“EastWest will always stand by its commitment to protect depositors’ and customers’ money,” it said.

A recent radio report on Monday said that a certain businessman allegedly lost P270-million worth of deposits in his EastWest Bank account.

To clarify the matter, the lender said the amount involved is “confidential” but is “not significant,” since the bank has been among the top three most profitable banks in the country in the past four years.

EastWest Bank did not provide further information on the location of the branch in question as well as the identity of the missing manager.

However, it said that the issue is limited to one branch.

“[B]ut nonetheless we shall put in place additional system-wide safeguards to make sure this isolated incident does not happen again,” the bank said.

EastWest Bank said it expects to post a net income of P7 billion for 2020, higher than its P6.2 billion earnings in 2019 despite the COVID-19 pandemic.

“We expect to continue our profit run this year,” it said.


date_rangeDate Published
1 month ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Pasay City Mayor Emi-Calixto Rubiano

Pasay wants to add contact tracers 

account_balancePasay chrome_reader_mode6 days ago

On a ratio of one contact tracer per 1,330 persons, the number may not be enough to cover the city in an expeditious and orderly manner, Pasay City Mayor Emi-Calixto Rubiano said in a report by Manila Bulletin. She said that the city’s virus t...

'Auring' destroys over P103 million worth of crops

account_balanceMetro Manila chrome_reader_mode4 days ago

The damage caused by Tropical Storm Auring has amounted to PHP102.98 million, the National Disaster Risk Reduction and Management Council (NDRRMC) said in a report by Philippine News Agency. In its update, the NDRRMC said agricultural damage from th...

Pasay places more barangays under lockdown 

account_balancePasay chrome_reader_mode1 week ago

The number of barangays in Pasay City placed under the 14-day lockdown increased to 55, the city government said Tuesday night, according to a report by Manila Bulletin. City Epidemiology and Disease Surveillance Unit (CESU) head Miko Llorac said 55...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode5 months ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature