AMA Bank Secures Settlement, Begins Payouts to Depositors

After years of resolution efforts, AMA Bank has reached significant milestones toward settling its obligations and restoring depositor confidence. The Bank has successfully executed compromise agreements with both the Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC)—signed on June 23, 2025 and March 14, 2025, respectively—officially closing the chapter on the legal issues stemming from its 2019 closure.

Thanks to these developments, deposit liability payments have begun, marking a crucial step in fulfilling AMA Bank’s commitments to its clients. From the ₱259 million returned by PDIC, payments to depositors with account balances of ₱250,000 and below have been largely completed, with 87% of this bracket already settled.

For depositors with higher balances, AMA Bank assures that payments are forthcoming. Funds for this next round will come from the Bank’s receivables from the Department of Education (DepEd)—a total of ₱982 million confirmed by DepEd to BSP. While the release of these receivables has faced procedural delays, recent updates indicate steady progress. DepEd’s Office of the Solicitor General has completed its review and proposed revisions to the draft Compromise Agreement, which AMA Bank has since accepted. The final clearances are now being processed by DepEd’s Office of the Secretary and Finance Department, as confirmed by Atty. Mark Josel Vivit of DepEd.

In a statement, AMA Bank reiterated its commitment to transparency, financial integrity, and depositor protection, emphasizing that the release of payments remains its top priority. “We shall secure the collection from DepEd the fastest way possible,” the Bank assured.

Depositors are encouraged to await further announcements as the Bank continues to work closely with the concerned government agencies to finalize and distribute the remaining payouts.

AMA Bank Management