Draft:Orient Bank (Philippines)
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Last edited by Raider000 (talk | contribs) 3 months ago. (Update) |
Different from: Orient Bank (Uganda).
Orient Bank (or Orient Development Bank Corporation)[1] was a commercial bank in the Philippines established by Jose Go in February 1996. It was formerly a thrift bank, Bangko Silangan Development Bank.[2] The bank was closed in 1998.[1]
In November 2020, Manila Regional Trial Court Branch 42 convicted Go and another ranking official for fraud involving ₱159 million linked to the bank's closure. The decision would be publicized by the Philippine Deposit Insurance Corporation on July 1, 2021.[1]