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  • PDIC says bank deposits grow after increase in deposit insurance coverage

    PDIC says bank deposits grow after increase in deposit insurance coverage

    MANILA — Deposits in the country’s banking system posted stronger growth one year after the maximum deposit insurance coverage (MDIC) was increased to P1 million per depositor, per bank, the Philippine Deposit Insurance Corporation (PDIC) said. The state deposit insurer reported the figures during its “PDIC 101: Understanding Deposit Insurance” event held in partnership with…