PDIC initiatives to boost depositor protection and financial stability. Philippine Deposit Insurance Corporation (PDIC) General Counsel Maria Antonette Brillantes-Bolivar highlighted the critical role of deposit insurance in protecting depositors and promoting financial stability. In her address during the recent 33rd Bankers Institute of the Philippines (Baiphil) National Convention held at the Iloilo Convention Center, Atty. Bolivar discussed the PDIC’s recent policy adjustment to the maximum deposit insurance coverage to P1 million per depositor per bank, along with key initiatives to advance financial literacy and inclusion. She also outlined the PDIC’s commitment to integrating environmental, social, and governance (ESG) principles into risk management, and addressing emerging global challenges such as climate-related financial risks and governance issues. The convention, themed “Harmonizing Cultural Tradition and Technological Innovation Towards a Responsible Banking Legacy,” highlighted the fusion of heritage and cutting-edge advancements like artificial intelligence, machine learning, and digital assets in shaping the future of responsible banking.
The Philippine Deposit Insurance Corporation (PDIC) was established on 22 June 1963 by Republic Act 3591 to protect depositors and help maintain stability in the financial system.
The PDIC is an attached agency to the Bangko Sentral ng Pilipinas, and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.
PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.
