MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) announced an expanded insurance coverage for bank deposits, doubling again the protection for depositors’ funds. In a ...

Republic Act 3591, as amended, authorizes the PDIC Board of Directors to review and increase the MDIC every three years, based on inflation or other economic indicators. The P1 million insurance ...

From 17.5% in 2017, the country's gross domestic savings dropped to 9.2%. Villaret, however, pointed out that at the end of the 2023, the PDIC recorded a total P18.98 trillion deposits from 121.6 ...

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) will put up for sale P123.8 million worth of 58 residential and commercial lots owned by padlocked banks. The PDIC will ...

In a statement, the PDIC –– which is mandated to protect depositors and their funds –– said the deposit insurance claims were paid to 7,482 accounts held by Rural Bank of Cuyo (Palawan ...

The PDIC said electronic bids will be accepted through the PDIC’s e-bidding portal starting at 9:00 a.m. on April 23 until 1:00 p.m. on April 24 and will be opened at 2:00 p.m. on April 24, 2025.

MANILA, Philippines - The Philippine Deposit Insurance Corp. (PDIC) is studying the possibility of implementing a “risk-based” pricing mechanism for fees that banks pay to insure the deposits ...

The Philippine Deposit Insurance Corporation (PDIC) has strengthened its efforts to promote financial stability. From June 16 to 22, 2024, it will lead the nationwide observance of the Depositor ...

In a significant move towards enhancing financial services and inclusion, the Philippine Deposit Insurance Corporation (PDIC) and the Land Bank of the Philippines (LBP) have collaborated on the ...

This refers to the article titled “Yasay slams ways of banking officials.” (Inquirer, 3/5/12) We wish to clarify that contrary to the statement of lawyer Perfecto Yasay Jr., the Philippine Deposit ...