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 ...

The Philippine Deposit Insurance Corp. (PDIC) is set to announce an expanded insurance coverage for bank deposits in the first half of 2025 to adjust for inflation and help lenders attract more ...

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

The PDIC last raised the maximum insured amount in 2009 from P250,000 per depositor per bank to the current P500,000. “The present value of that now is not [the same P500,000] years ago,” Tan ...

Mendoza said that PDIC had so far filed over 100 cases of bank fraud. These cases include those against officials and owners of the defunct Legacy-owned banks, Banco Filipino, and GMA Rural Bank.

Tan said PDIC still has around P250 billion in deposit insurance fund (DIF), which is “more than enough.” “The banking system right now is very healthy based on financial indicators.

PDIC said it expects to complete this batch of payments by June 1, 2012. Claims of depositors with accounts worth above P10,000 up to P500,000 will be processed beginning June 19, the PDIC noted.