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PDIC

PDIC

The Philippine Deposit Insurance Corporation (PDIC) is a government-owned institution that insures bank deposits and has faced significant asset reductions due to large remittances to the national government. In 2024, PDIC's assets dropped by 18% to P278 billion, primarily from P107.2 billion remitted under the General Appropriations Act. The remittances, authorized by the 2024 budget law, have sparked legal and constitutional debates over the use of trust funds for non-insurance purposes.

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This is an AI-generated summary based on recent coverage. It was last updated on Mon, December 1, 2025 at 10:10 PM

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Recent developments on PDIC

Tue, December 2, 2025 at 12:29 PM

COA flags OVP's livelihood program for questionable beneficiary selection

The Commission on Audit (COA) has flagged the Office of the Vice President (OVP)'s "Mag Negosyo 'Ta Day" livelihood program for questionable beneficiary selection and lack of proper evaluation of business proposals.

Mon, December 1, 2025 at 12:00 AM

Carpio: PhilHealth, PDIC funds diverted to flood control projects

Retired Supreme Court senior associate justice Antonio Carpio stated that funds from the Philippine Health Insurance Corporation (PhilHealth) and the Philippine Deposit Insurance Corporation (PDIC) were diverted to fund flood control projects.

Wed, October 15, 2025 at 12:00 AM

PDIC assets drop 18% to P278 billion due to remittances

The Philippine Deposit Insurance Corp. (PDIC) experienced an 18 percent decrease in its total assets, amounting to P278 billion in 2024.

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.