Thursday, 22 May 2025
8 hours ago
Financial inclusion boost: Islamic bank deposits now covered by PDIC
Philippine Deposit Insurance Corp. (PDIC) has formally extended deposit insurance coverage to Islamic banks (IBs) and Islamic banking units (IBUs) in the country.
28 Feb 2025
3:08PM
PDIC doubles deposit insurance coverage to P1M, strengthening depositor protection
The increase in the maximum deposit insurance coverage is part of a broader initiative to maintain financial stability and protect depositors’ funds.
26 Feb 2025
10:33AM
PDIC settled P281.5M in deposit insurance claims for banks closed last year
The state-run deposit insurer said this amount accounts for 94 percent of the total estimated insured deposits in those banks across 7,482 deposit accounts.
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