PDIC extends relief program for borrowers of closed banks

MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) announced the indefinite continuation and simplification of its Closed Bank Loan Incentive Program, now branded CLIP 4.0, effective Jan. 1, 2026. The move is designed to accelerate and broaden access to relief for borrowers of shuttered banks. READ: pdic-weighing-options-to-get-P107b-back-from-treasury Launched in 2021, CLIP has been a