MANILA — The Philippine Deposit Insurance Corporation (PDIC) said it has completed the filing of 46 asset distribution plans (ADPs) for closed banks in 2025, meeting its full-year target and accelerating the payout of claims to creditors.

In a statement released Thursday, the state deposit insurer said the filings—comprising 20 final ADPs and 26 partial ADPs—have been submitted to liquidation courts nationwide, a key step toward releasing payments to stakeholders of shuttered banks.

Once approved by the courts, these plans will authorize PDIC, acting as statutory liquidator, to distribute proceeds from recovered bank assets to creditors, including uninsured depositors, in accordance with existing laws.

PDIC explained that ADPs serve as the primary legal mechanism for allocating the assets of closed banks. Each plan outlines how available assets will be distributed based on their estimated realizable value, following the Rules on Concurrence and Preference of Credits under the Civil Code.

“Every ADP we file brings creditors and uninsured depositors closer to receiving what is lawfully due to them,” PDIC President and CEO Roberto B. Tan said, noting that the agency’s performance reflects “strong momentum” in resolving liquidation cases.

As of end-2025, PDIC said it is handling the liquidation of 303 closed banks covering 1,245 banking units, including 64 banks with final ADPs still pending court approval.

The agency added that it will continue pushing forward with the resolution of remaining cases to ensure timely and orderly settlement of claims.