The Philippine Deposit Insurance Corporation (PDIC) launched the first leg of its 2025 PDIC-Bankers’ Dialogue seriesin Laoag City, Ilocos Norte on July 8, 2025, in partnership with the Bankers Association of Laoag City and Ilocos Norte (BALCIN) and the La Union Chamber of Rural Bankers.

The dialogue centered on the recent increase in deposit insurance coverage to ₱1 million per depositor, per bank, as well as PDIC’s enhanced risk management systems and stronger coordination with the Bangko Sentral ng Pilipinas (BSP).

PDIC President and CEO Roberto B. Tan, along with BSP Deputy Governor Chuchi Fonacier and other PDIC directors, engaged local bankers to discuss policies and promote financial consumer education.

The activity also encouraged greater information-sharing and collaboration with local bank groups to reinforce depositor protection and financial stability.

As the state deposit insurer, PDIC provides insurance of up to ₱1 million per depositor, per bank, co-regulates banks with the BSP, and serves as receiver of closed banks.

Initiated in 2019, the PDIC-Bankers’ Dialogue series fosters open communication between PDIC and the banking community to protect depositors and sustain trust in the country’s financial system