The Philippine Deposit Insurance Corporation (PDIC) is a government-owned and controlled corporation established on June 22, 1963 under Republic Act No. 3591 to provide deposit insurance to depositors in Philippine banks and strengthen public confidence in the country's banking system. It covers commercial banks, savings banks, rural banks and other Philippine banking institutions, and its coverage limit has risen over time from 10,000 Philippine pesos per depositor at founding through several increases to 1,000,000 pesos effective March 15, 2025; alongside insurance, it also conducts bank examinations and handles receivership and liquidation of closed banks.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account HeadquartersSourced to the subject's own accountMakati City, Philippines 1 ScopeSourced to the subject's own account Geography
Country or Jurisdiction ServedWikidata Q7185037, property P17 (country). Classification
Institution SubtypeSourced to the subject's own account In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Philippine Deposit Insurance Corporation (Wikipedia)
Wikipedialead paragraph, sentence 2
It was established on June 22, 1963 by virtue of Republic Act No. 3591.
History section, 1992 office paragraph
In 1992, PDIC established an office building at 2228 Pasong Tamo Street, Makati City.
Lead
is a Philippine government-owned and controlled corporation providing deposit insurance
View the Source 2. Wikidata
Wikimedia Foundation- Country or Jurisdiction Served: Philippines
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