Corporation (PDIC) sustained its regional campaign for enhanced public awareness
through the conduct of “PDIC 101: Understanding Deposit Insurance”, a media education
initiative in Balanga City, Bataan on October 9, 2026. The press conference was led by
PDIC President and CEO Roberto B. Tan (seated, 2nd from left) and Corporate Affairs
Group Vice President Jose G. Villaret, Jr. (seated, leftmost), with PDIC Director Luis Rey I.
Velasco (seated, 3rd from left) also joining the discussions and engaging with members
of the local media. Conducted in partnership with the Philippine Information Agency (PIA)
Region III and the PIA Bataan Provincial Information Center, “PDIC 101” forms part of the
agencies’ continuing collaboration to leverage the media’s extensive reach in promoting
the importance of saving in banks, enhancing public understanding of deposit insurance,
and strengthening confidence in the Philippine banking system.
MANILA— Nearly 99% of deposit accounts in the Philippine banking system are fully covered by deposit insurance, reflecting expanded depositor protection following the increase in the maximum coverage to P1 million per depositor, per bank, the Philippine Deposit Insurance Corporation (PDIC) said.
As of end-June 2026, the banking system had 190.9 million deposit accounts, up 20.5% from 158.5 million recorded during the same period last year. Of the total, 98.9% were within the maximum deposit insurance coverage (MDIC), PDIC Vice President Jose G. Villaret Jr. said during the agency’s “PDIC 101: Understanding Deposit Insurance” media education session in Balanga City, Bataan.
The MDIC was raised to P1 million per depositor, per bank, effective March 15, 2025.
Total bank deposits also increased by 8% to P22.2 trillion as of end-June 2026, from P20.6 trillion a year earlier. By amount, 24.3% of total deposits were fully covered by deposit insurance, within the internationally accepted benchmark of insuring approximately 20% to 30% of total deposits.
PDIC President and CEO Roberto B. Tan underscored the role of journalists in helping the public understand deposit insurance and responsible banking.
“As media practitioners, you play an essential role as truth-tellers and community educators. Through your stories and reports, you bridge the gap between financial regulation and the public’s understanding of how their money is protected,” Tan said.
The PDIC 101 session in Bataan was conducted in partnership with the Philippine Information Agency (PIA) as part of continuing efforts to raise public awareness of deposit insurance and strengthen ties with local media.
The initiative highlights the PDIC’s responsibilities as the country’s state deposit insurer, co-regulator of banks, and receiver of closed banks.
In Central Luzon, which accounts for 4.1% of the country’s deposit accounts and 5.8% of total deposits, both the number of accounts and the value of deposits grew between June 2025 and June 2026.
Bataan recorded a 10.7% increase in total deposits, from P70 billion in June 2025 to P77.5 billion in June 2026. The province also posted a 6.8% rise in deposit accounts, equivalent to an increase of 40,545 accounts.
The PDIC and PIA have jointly conducted PDIC 101 sessions nationwide since 2024 to promote awareness of deposit insurance and encourage Filipinos to save through banks.
The 2026 series began with a session for national media at the PIA office in Quezon City in August, followed by a Visayas session in Tagbilaran City, Bohol, on Sept. 10.
After the Luzon session in October, the program is scheduled to conclude its regional rollout for the year with an activity in Surigao City in November.
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