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 ...

MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) announced an expanded insurance coverage for bank deposits, doubling again the protection for depositors’ funds.

The PDIC said electronic bids will be accepted through the PDIC’s e-bidding portal starting at 9:00 a.m. on April 23 until 1:00 p.m. on April 24 and will be opened at 2:00 p.m. on April 24, 2025.

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 ...