MANILA — Insured deposits in the Philippine banking system climbed to P5.2 trillion in 2025, marking a sharp increase that underscores growing public confidence in banks, according to the Philippine Deposit Insurance Corporation.

In a statement, the PDIC said insured deposits rose by P1.5 trillion, or 40.9 percent, from P3.7 trillion recorded in 2024.

The agency attributed much of the increase to the doubling of the maximum deposit insurance coverage (MDIC) from P500,000 to P1 million on March 15, 2025, which accounted for P1.3 trillion or 86.1 percent of the total growth.

The higher coverage expanded protection for depositors, allowing more savings to be fully insured under the system.

Data showed that fully insured accounts reached 169.2 million as of end-2025, up 20.9 percent from 140 million in 2024. These accounts now represent 98.8 percent of all deposit accounts nationwide.

Meanwhile, total domestic deposits in the banking system rose to P21.7 trillion by end-2025, reflecting a 7.1 percent increase or P1.4 trillion year-on-year.

Individual depositors accounted for the largest share of growth, contributing P812.1 billion or 56.4 percent, followed by private corporations with P334.8 billion or 23.2 percent.

The PDIC said the developments highlight its role in strengthening financial stability, boosting depositor confidence, and expanding protection across the banking sector.