Statement of Finance Secretary Cesar V. Purisima:
On the resignation of Jose Nograles as president of the Philippine Deposit Insurance Corp. (PDIC)
[Issued from Washington, DC on April 18, 2011, Philippine time*]
I accept the resignation of Mr. Jose Nograles as president of the Philippine Deposit Insurance Corp. (PDIC) and thank him for his invaluable support to the government during his term.
To the depositors, especially to those who entrusted their money to Banco Filipino, the Department of Finance assures you of the continued safety of your money and the swift and diligent processing of your claims despite this recent development. The PDIC remains committed to service the Filipino people to the best of its ability.
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