TACLOBAN CITY, Leyte — The Philippine Deposit Insurance Corporation (PDIC) has strengthened its partnerships with banks in Leyte through the Visayas leg of its Bankers’ Dialogue series held on October 7, 2025.

The dialogue, conducted with the Leyte-Samar Federation of Rural Banks and the Tacloban Bankers Association, aimed to promote collaboration between PDIC and the banking community in advancing depositor protection, financial inclusion, and public trust. It also served as a venue for open discussions on policies and initiatives that reinforce financial stability.

The event was led by PDIC President Roberto B. Tan and Board Directors Luis Rey Velasco, John Mark Frondoso, and Aurora C. Ignacio.

The dialogue provided officers and members of local banking groups with a deeper understanding of PDIC’s mandates and policy initiatives, including the recent increase in the maximum deposit insurance coverage to ₱1 million per depositor, per bank, which took effect on March 15, 2025.

Launched in 2019, the PDIC Bankers’ Dialogue is part of the corporation’s continuing stakeholder engagement efforts to strengthen partnerships with banks nationwide and sustain confidence in the banking system.

As the state deposit insurer, PDIC provides a maximum deposit insurance coverage of ₱1 million per depositor, per bank. It also works closely with the Bangko Sentral ng Pilipinas (BSP) and other regulators to help mitigate risks in the financial system. In addition, PDIC serves as the statutory liquidator of closed banks, managing their affairs and liquidating assets to settle claims of creditors and uninsured depositors.