CEBU CITY — The Philippine Deposit Insurance Corporation (PDIC), in partnership with the Philippine Information Agency (PIA) Central Visayas Regional Office, held the Visayas run of “PDIC 101: Understanding Deposit Insurance” on July 11, 2025, at the Cebu Parklane International Hotel.

The event marked the second regional leg of the PDIC 101 for 2025, following its Luzon run in Naga City in May. PDIC 101 is a continuing initiative aimed at equipping local media with a better understanding of the agency’s mandates, and the benefits and limitations of deposit insurance.

“Aimed at enhancing public awareness on deposit insurance and raising depositor confidence in the country’s financial system, PDIC 101 empowers members of the local media with a clearer understanding of the important role that deposit insurance plays in safeguarding the public’s hard-earned savings,” the PDIC said.

PDIC Vice President Jose G. Villaret, Jr. of the Corporate Affairs Group led the discussions with members of Cebu’s television, radio, print, and online media. He also emphasized the enhanced maximum deposit insurance coverage (MDIC) of P1 million per depositor, per bank, which took effect on March 15, 2025.

The PDIC said the activity also “demystifies the PDIC and the concept of deposit insurance; and clarifies the Corporation’s multifaceted roles as the state deposit insurer, co-regulator of banks, and statutory receiver of closed banks.”

Since 2024, PDIC and PIA have been working together to broaden public access to financial information and promote the value of saving in banks. The partnership leverages PIA’s nationwide network to reach more audiences.

“Through consumer education and collaboration with partner-agencies, the PDIC continues to play a key role in protecting depositors and maintaining public confidence in the country’s financial stability,” the agency added.

After its Metro Manila, Luzon, and Visayas runs, PDIC 101 is set to reach Mindanao later this year.