State-run Philippine Deposit Insurance Corp. (PDIC) has raked in a total of ₱411.4 million from the sale of 281 closed-bank properties in 2024, a 24.7-percent increase from the ₱300-million sales in the previous year. According to PDIC, this improvement is reflective of its “effective asset...
The Philippine Deposit Insurance Corporation (PDIC) announced on Wednesday, May 21, that the state deposit insurer has expanded its coverage to Islamic banks (IBs) and Islamic banking units (IBUs). As announced through Bulletin 2024-09, IBs and IBUs in the Philippines are “now officially covered...
State deposit insurer Philippine Deposit Insurance Corporation (PDIC) will sell 76 corporate and closed bank properties worth ₱137.9 million to raise funds to settle creditors’ claims on these assets. These asset sales, which await potential buyers until the last week of May 2025, will go...
Yoo JaeHoon, Chairman and President of KDIC and Roberto B. Tan, President and CEO of PDIC State deposit insurer Philippine Deposit Insurance Corporation (PDIC) has entered a five-year deal with its Korean counterpart to renew bilateral cooperation on deposit insurance, sustaining further the...
Makati City 2nd district Rep. Luis Campos Jr. (Facebook) The Philippine Deposit Insurance Corp.'s (PDIC) move of doubling the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million will have a positive impact...
State deposit insurer Philippine Deposit Insurance Corporation (PDIC) announced on Friday, Feb. 28, that it will raise its insurance coverage for bank deposits, increasing the protection for depositors’ savings. As per the insurer’s first memorandum this year, released on Friday, Feb. 28, the...
Eighty-one percent of the insured depositors of three recently closed banks have already been reimbursed with ₱281.2 million in 2024, the Philippine Deposit Insurance Corporation (PDIC) reported. According to the government-run deposit insurance fund, 94 percent of the ₱298.6 million total...
Roberto B. Tan Roberto B. Tan, president and chief executive officer of the Philippine Deposit Insurance Corporation (PDIC), was elected to the Executive Council of the International Association of Deposit Insurers (IADI). Tan was elected during IADI's 23rd Annual General Meeting in Tokyo, Japan....
“The secret of getting ahead is getting started” – Mark Twain. With rising living costs, saving is tough for many Filipinos, especially minimum wage earners. Waiting for a higher income to save makes it harder to develop the habit. While income affects saving, low income shouldn't hinder...
Aivie and her family almost lost all that they had when tropical storm Ondoy unleashed rains of epic proportions on 26 September 2009, submerging their home and everything in it. As soon as the flood waters subsided, they were faced with a very difficult question: how to pick up the pieces and move...
Saving money is a smart way to achieve goals and secure the future. But without the right mindsets, it can be very challenging. “ Your beliefs become your thoughts Your thoughts become your words Your words become your actions Your actions become your habits Your habits become your values...
As the cost of living continues to go up, having savings can provide a strong sense of assurance and security. It can help us pay for unexpected expenses and improve our living standards. And if properly planned out, savings can lead us to live comfortably in our sunset years. Hence, the habit...
