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Manila Bulletin

Philippine bank deposits hit ₱22 trillion in Q1 as savings surge
Philippine bank deposits grew at a faster pace in the first quarter of 2026, nearing ₱22.1 trillion as households and businesses parked more funds in banks amid sustained confidence in the financial system. In a statement on Thursday, Aug. 27, state-run deposit insurer Philippine Deposit...
Manila Bulletin

PDIC expands ₱1-million deposit insurance coverage to Islamic banks, banking units
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...
Manila Bulletin

Angara bats for 100 percent increase in PDIC deposit insurance coverage
Senator Sonny Angara is pushing for the measure seeking to increase the deposit insurance coverage provided for by the Philippine Deposit Insurance Corp. (PDIC). Sen. Sonny Angara (Alexis Nueva España / Senate PRIB / FILE PHOTO) With more Filipinos now putting their money in banks, Angara said the...
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