The P1 million maximum deposit insurance covers deposits made in commercial banks, thrift banks, digital banks and foreign ...

Starting today, more bank savings are going to be protected under the expanded insurance coverage for deposits. The ...

MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) is doubling the maximum deposit insurance coverage (MDIC) to P1 million from the current P500,000. The PDIC said in a ...

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) will review the maximum deposit insurance coverage (MDIC) every three years, with the next evaluation set for 2028 ...

meaning they are free to use for other purposes. These are composed of cash and investment balances and are net of restricted funds,” the DOF said. The DOF argued that the PDIC still has a ...

THE PHILIPPINE Deposit Insurance Corp. (PDIC) should strengthen its receivership operations to ensure measures are in place for depositors in small and medium-sized banks. “Although some banks are ...