EastWest Bank investigates millions worth of missing deposits

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EastWest Bank says the amount is 'not significant' compared to its total earnings and assets. A DZRH report says a businessman lost as much as P270 million.

EastWest Bank is probing complaints of two longtime depositors who lost millions in their bank accounts. The female branch manager in question and her family have also gone missing.

"They have been informed that an internal investigation is ongoing and that we will credit back to their account the amount taken. EastWest will always stand by its commitment to protect depositors' and customers' money,"The bank did not specify how much was lost, but said the amount is"not significant" compared to the bank's total earnings and assets.The incident is limited to one branch.

 

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