industry bank former type public pse eiba and eibb industry financial services fate under government receivership founded 1996 defunct 2012 headquarters makati philippines key people juan victor s. tanjuatco president website www.exportbank.com.ph export and industry bank eib formerly pse eiba and eibb also known as exportbank was a commercial bank in the philippines . it acquired urban bank in 2001 after the former collapsed due to its closure by the bangko sentral ng pilipinas . it formed in 1996 by the lippo group based in hong kong . it was placed under receivership by the philippine deposit insurance corporation pdic on april 27 2012 after it was closed by the bangko sentral ng pilipinas on the basis of being insolvent . 1 this was after fall out of a rehabilitation deal between it and banco de oro universal bank bdo but did not push through due to the pending legal matters concerning the bank that stopped short of the deal . exportbank had liabilities worth around php700 to 800 million . 2 on march 2014 union bank of the philippines has offered to buy exportbank . unionbank s prospective entry as a strategic investor in eib is backed by the bank s uninsured depositors . eib has about p10 .7 billion in uninsured deposits a majority of whom holding a combined deposit of p8 .2 billion had given special powers of attorney to a group called coalition of eib uninsured depositors seeking the rehabilitation of the bank as an alternative to liquidation . 3 union bank proposes a scheme whereby p150 000 of every p1 million worth of deposits will be converted into equity in the mother company the publicly listed union bank inc. while the remaining 85 percent will be converted to negotiable notes entitled to interest of one percent per annum . these notes can be traded and or used as collateral . 4 contents 1 subsidiaries and affiliates 1.1 former subsidiaries and affiliates 2 ownership 3 references 4 external links subsidiaries and affiliates edit exportbank was divided into the following subsidiaries and affiliates eib realty developers eib savings bank eib securities valugen financial insurance company former subsidiaries and affiliates edit urban building technologies urbancorp insurance brokers urbancorp realty holdings urbancorp technologies corporation valuefinance ownership edit lippo group 37 % ao capital 22 % amy holdings 20 % rzb group 9.5 % public stock 11.5 % references edit michelle remo and tetch torres 27 april 2012 . bsp closes export and industry bank over liabilities . philippine daily inquirer . retrieved 27 april 2012 . alvin elchico 27 april 2012 . liquidity problems bad luck may have doomed export bank . abs cbn news and current affairs . retrieved 27 april 2012 . http business.inquirer.net 166325 unionbank offers to acquire export bank ixzz3cbw51hgl http www.mb.com.ph export industry banks chance of recovery external links edit export and industry bank retrieved from https en.wikipedia.org w index.php title export and industry bank & oldid 714647811 categories banks of the philippines1996 establishments in the philippinesbanks established in 1996companies based in makatibanks disestablished in 20122012 disestablishments in the philippinesbank failureshidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 april 2016 at 01 11 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view