Philippine Deposit Insurance Corporation
Website description: PDIC is a government instrumentality created in 1963 by Republic Act 3591, as amended, to insure the deposits of all banks. PDIC exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.
Philippines, Mongolia deposit insurers sign pact for bank resolution
Philippines, Mongolia deposit insurers sign pact for bank resolution
It includes cooperation on receivership liquidation risk management and premium assessment.
PDIC, Philippine central bank sign revised agreement to enhance bank oversight
The agency said this will give depositors “renewed assurance.”
PDIC issues draft rules to clarify denied claims appeals
Key changes include wider coverage of cases.
Philippine deposit insurer raises maximum coverage to P1m
Previously, the MDIC amount was $8,630.44 (₱500,000).
Philippine Deposit Insurance remits $2b to fund gov’t projects
The Deposit Insurance Fund is kept within the target level established by the board.
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