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PDIC Supports Rural Banks With Enhanced Deposit Insurance
The Philippine Star
|June 29, 2025
State-run Philippine Deposit Insurance Corp. (PDIC) has reaffirmed its commitment to support banks through major reforms aimed at reinforcing depositor confidence, financial inclusion and institutional strength across the rural banking sector.
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In his message during the 68th Charter Anniversary Symposium of the Rural Bankers Association of the Philippines, PDIC president and CEO Roberto Tan lauded rural bankers for embracing the theme "Strength in Numbers, Leave No Bank Behind," and expressed support for the association's mission to ensure the resilience of the rural banking sector.
Central to Tan's address was the announcement of the increase in the maximum deposit insurance coverage to P1 million per depositor from P500,000 effective March 15.
The increase, the first in 16 years, will now fully insure 99.8 percent of all deposit accounts in rural banks based on deposit data as of end December 2024.
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