AMA Bank seeks clarification from BSP following contradictory statements on reopening and depositor payments

Quick Summary:

Manila, Philippines – 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.

BSP’s Comment/Opposition dated August 27, 2024 (CA-G.R.SP No.163288, pp.

BSP’s Omnibus Motion dated August 6, 2024 (G.R.Nos.253270 and 253411, p.

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Author / Journalist: BMPlus

Category: BusinessStartups

Markets: Philippines

Topics: Motion Press Appeals Second Reconsideration Court Bank’s Release Bsp’s Bank Supreme

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 23:03:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25763586

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