Topic

PDIC

PDIC

The Philippine Deposit Insurance Corporation (PDIC) insures bank deposits up to PHP 1 million per depositor, per bank, and has expanded coverage to include Islamic banks. It also manages the sale of assets from closed banks to generate funds for settling depositor claims and has enhanced loan incentive programs to assist borrowers affected by bank closures.

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This is an AI-generated summary based on recent coverage. It was last updated on Tue, September 23, 2025 at 1:10 AM

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Recent developments on PDIC

Fri, August 22, 2025 at 7:36 PM

Financial regulators conclude supervisory college, plan fifth session

The Financial Sector Forum (FSF), comprising the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC), Insurance Commission (IC), and Philippine Deposit Insurance Corp. (PDIC), has concluded its Fourth Financial Conglomerate Supervisory College.

Sun, June 8, 2025 at 7:25 PM

FIRB approves P20.9B tax subsidies for gov't agencies

The Fiscal Incentives Review Board (FIRB) has approved P20.9 billion in tax subsidies for various government institutions to enhance their public service delivery.

Wed, June 4, 2025 at 9:24 AM

PDIC earns P411.4M from property sales in 2024

The Philippine Deposit Insurance Corporation (PDIC) announced that it generated P411.4 million from selling 281 properties in 2024, marking a 24.7% increase compared to the P330 million generated in 2023.

Wed, May 21, 2025 at 3:12 PM

PDIC now covers Islamic banks deposits

Islamic banks (IBs) and Islamic banking units (IBUs) are now officially covered by the Philippine Deposit Insurance Corporation (PDIC), ensuring their deposits have the same protection as conventional bank deposits.

Tue, April 29, 2025 at 11:34 AM

PDIC auctions ₱137.9M properties online

The Philippine Deposit Insurance Corporation (PDIC) is auctioning 76 corporate and closed bank properties valued at ₱137.9 million through an online public bidding.

Mon, April 21, 2025 at 2:15 PM

PDIC enhances loan incentive program to help more borrowers from closed banks

The Philippine Deposit Insurance Corporation (PDIC) has enhanced its loan incentive program, now called CLIP 3.0, to assist more borrowers from closed banks.

Wed, April 16, 2025 at 9:21 AM

PDIC, KDIC renew 5-year cooperation deal on deposit insurance

The Philippine Deposit Insurance Corporation (PDIC) and its Korean counterpart, the Korea Deposit Insurance Corporation (KDIC), have renewed their five-year bilateral cooperation agreement on deposit insurance.

Wed, April 2, 2025 at 7:46 PM

DOF open to returning PhilHealth funds in 2026 if SC orders

The Department of Finance (DOF) is prepared to include the return of Philippine Health Insurance Corporation (PhilHealth) funds in the 2026 National Expenditure Program if the Supreme Court orders it.

Mon, March 17, 2025 at 12:32 AM

PDIC proposes risk-based assessment for banks

The Philippine Deposit Insurance Corporation (PDIC) is proposing a new risk-based assessment system to discourage banks from engaging in risky lending practices, especially after the recent increase in the maximum deposit insurance coverage (MDIC).

Thu, March 13, 2025 at 2:43 PM

PDIC doubles deposit insurance to P1 million

Starting March 15, the Philippine Deposit Insurance Corporation (PDIC) doubled its maximum deposit insurance coverage (MDIC) from P500,000 to P1 million per depositor per bank.