N PHOTO: Reinforcing partnerships with banks. The Philippine Deposit Insurance Corporation (PDIC) conducted the Visayas leg of its Bankers’ Dialogue series with the Leyte-Samar Federation of Rural Banks and Tacloban Bankers Association in Tacloban City, Leyte on October 7, 2025. The Bankers' Dialogue promotes collaboration between the PDIC and the banking community to advance their shared commitment to depositor protection, financial inclusion, and public trust. It also serves as a venue for open discussions on policies and initiatives that strengthen the stability of the financial sector. The dialogue was led by PDIC President Roberto B. Tan (seated, third from right) and Board Directors Luis Rey Velasco (third from left), John Mark Frondoso (center), and Aurora C. Ignacio (second from right).
Continuing its stakeholder engagement initiatives as a vehicle to promote depositor protection and financial stability, the Philippine Deposit Insurance Corporation (PDIC) successfully held the second run of the PDIC Bankers’ Dialogue series for 2025 in Tacloban City, Leyte, on October 7, 2025.
The Visayas leg provided a venue for officers and members of the Leyte-Samar Federation of Rural Banks and the Tacloban Bankers Association to gain a deeper understanding of the PDIC’s mandates and policy initiatives, the most recent of which is the increase in the maximum deposit insurance coverage to P1 million per depositor, per bank, on March 15, 2025.
Launched in 2019, the PDIC Bankers’ Dialogue aims to continuously engage and strengthen partnerships with banking groups across the country to enhance depositor protection and sustain the stability of the banking system.
As the state deposit insurer, the PDIC safeguards bank depositors by providing the maximum deposit insurance coverage of P1 million per depositor, per bank. It also co-regulates banks, working closely with the Bangko Sentral ng Pilipinas (BSP) and other financial regulators to help mitigate risks in the banking system. Additionally, the Corporation is the statutory liquidator of closed banks, tasked to manage the affairs of closed banks and liquidate their assets to settle claims of creditors and uninsured depositors.
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