The insurance coverage for bank deposits was doubled to P1 million per depositor to provide “enhanced protection” for the depositing public, the top official of the Philippine Deposit Insurance ...

MANILA, Philippines — State-run Philippine Deposit Insurance Corp. has initiated consultations with key industry stakeholders to update the existing guidelines on bank advertisements and the proper ...

THE Philippine Deposit Insurance Corp. (PDIC) is seriously studying the possibility of increasing the insurance coverage of banks as the move could lead to “risky behavior.” In a forum on Ferbruary 13 ...

MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) said it “promptly” disbursed P281.5 million in deposit insurance claims in 2024, which benefited the depositors of three ...

MANILA, (PIA) — The Philippine Deposit Insurance Corporation announced that Islamic banks and Islamic banking units are now covered by the country’s deposit insurance system, providing up to P1 ...

QUEZON CITY, (PIA) — The Philippine Deposit Insurance Corporation (PDIC) announced on Friday that the Minimum Deposit Insurance Coverage (MDIC) will increase to P1 million per depositor, effective ...

MANILA, Philippines — State-run Philippine Deposit Insurance Corp. (PDIC) has reaffirmed its commitment to support banks through major reforms aimed at reinforcing depositor confidence, financial ...

THE PHILIPPINE Deposit Insurance Corp. (PDIC) is looking to revise the guidelines covering reconsideration requests for denied claims to make the process more efficient. “The proposed revisions are ...

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 ...

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 of the ...

THE Philippine Deposit Insurance Corp. (PDIC) on Friday said that the maximum deposit insurance coverage (MDIC) would be doubled to P1 million from P500,000 beginning March 15. The adjustment, which ...