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Manila Bulletin devider Business devider Banking & Finance devider PDIC warns public vs. fake 'loan compliance' notices using its logo

PDIC warns public vs. fake 'loan compliance' notices using its logo

Published Aug 18, 2025 03:04 pm
State-run Philippine Deposit Insurance Corp. (PDIC) has cautioned the public against the fraudulent use of its official seal on a bogus document being circulated as an official communication to bank borrowers.
In an advisory on Monday, Aug. 18, PDIC said it received inquiries through its public assistance department (PAD) about the authenticity of a so-called “loan compliance” notice signed by an individual identified as Luvina P. Soberano-Lim. The document allegedly required borrowers to pay insurance in connection with bank loan applications.
The state deposit insurer clarified that the notice is fraudulent, stressing that it does not require insurance coverage for any loan application, nor does it collect payments related to such transactions.
It also pointed out that the individual named in the document is not affiliated with the corporation and has no authority to represent PDIC. The bank account listed in the fake notice, it added, does not belong to PDIC.
“To guard against this fraudulent activity, PDIC urges the public to refrain from acting on such ‘loan compliance’ notice or any other similar notices,” it said.
It also issued a stern warning against the unauthorized use of its logo, which is a violation of PDIC Regulatory Issuance No. 2025-01 covering the revised rules on advertisements and the proper use of the PDIC seal, insurance statements, and signages.
PDIC reminded the public to stay vigilant and verify suspicious activities through its official PAD channels.
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