Dipolog City, Philippines — The Philippine Deposit Insurance Corporation (PDIC) emphasized its commitment to depositor protection and financial stability during the Region 9 leg of the Rural Bankers Association of the Philippines (RBAP) Angel Network Roadshow held on July 28–29, 2025.

PDIC Vice President Jose G. Villaret, Jr. of the Corporate Affairs Group highlighted the importance of increasing the maximum deposit insurance coverage (MDIC) to ₱1 million per depositor. The adjustment, which took effect on March 15, 2025, aims to strengthen public confidence in the banking system.

The roadshow gathered key stakeholders and decision-makers from rural and cooperative banks to raise awareness on enhanced depositor protection and to discuss other PDIC programs. Among these were the Closed Bank Loan Incentive Program (CLIP) 3.0, which offers discounts and waivers to borrowers of closed banks, and initiatives for maximizing the value of closed bank assets through disposal programs.

Villaret also discussed PDIC’s ongoing collaborations with government agencies through the “Be A Wise Saver” campaign—a financial literacy initiative promoting responsible banking habits. Additionally, he noted PDIC’s “Bankers’ Roadshow,” a separate nationwide caravan promoting open communication with banking groups.

The RBAP Angel Network Roadshow serves as a platform to empower rural and cooperative banks through regional events that offer regulatory updates, business opportunities, and strategic support for the local banking sector.