IKOT.PH
With more Filipinos now putting their money in banks, Senator Sonny Angara is looking to hike the deposit insurance coverage provided by the Philippine Deposit Insurance Corporation (PDIC) from the present P500,000 to P1 million per depositor. Under Senate Bill 2089 filed by Angara, further amendments to the charter of the PDIC will be introduced […]
A bill seeking to double the maximum insurance protection of the country’s 63 million bank depositors has been filed at the House of Representatives. Makati City Rep. Luis Campos Jr. filed House Bill 5812, which proposes to increase the maximum deposit insurance coverage (MDIC) from P500,000 to P1 million per depositor per bank. “We have […]