The Senate committee on banks will examine on June 21 the collection of ATM glitches suffered by Bank of the Philippine Islands (BPI) and Banco de Oro which have brought on issues amongst its hundreds of thousands of depositors.

Senator and committee chair Chiz Escudero on Friday (June 16) instantly responded to the decision of Senate President Aquilino “Koko” Pimentel III to look into rush the probe on BPI after BDO additionally suffered the identical pc malfunctions that brought on havoc on financial institution information of shoppers.

“Given the BDO reported incidents, I am constrained to call for a hearing on June 21 on these matters ( including BPI) in order to appraise the public of what is going on and to placate speculations on this issue that may negatively impinge upon or affect the banking sector as a whole,” he stated.

Source: politics.com.ph