Business

PDIC Extends Incentive Program For Debtors

The Philippine Deposit Insurance Corp. (PDIC) has enhanced its Closed Bank Loan Incentive Program (CLIP), extending it until the end of 2025 to help borrowers of closed banks maintain creditworthiness and avoid foreclosure. Borrowers can benefit from discounts and waivers, including a 50% discount on principal for certain loans.

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