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

The event, organized with the Leyte-Samar Federation of Rural Banks and the Tacloban Bankers Association, aimed to enhance cooperation between the PDIC and local banks in promoting depositor protection, financial inclusion, and public trust.

PDIC President Roberto B. Tan led the dialogue alongside Board Directors Luis Rey Velasco, John Mark Frondoso, and Aurora C. Ignacio. The session provided an opportunity for bank officers to discuss policies and initiatives designed to maintain financial stability, 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 series serves as a continuing engagement platform to strengthen partnerships with banking groups nationwide and reinforce depositor protection.

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