Philippine Deposit Insurance Corporation
| Company type | State-owned |
|---|---|
| Industry | Finance |
| Founded | June 22, 1963 |
| Headquarters | , Philippines |
Key people | Eli M. Remolona Jr.(Chairperson) Ralph Recto (Vice–Chairperson) Roberto B. Tan (President and Chief Executive Officer) |
| Services |
|
| Owner | Government of the Philippines |
| Website | www |
The Philippine Deposit Insurance Corporation (PDIC; Filipino: Korporasyon ng Pilipinas sa Seguro ng Deposito) is a Philippine government-owned and controlled corporation providing deposit insurance to depositors in Philippine banks, such as commercial banks, savings banks, mortgage banks, stock savings and loan associations, development banks, cooperative banks, rural banks, and domestic branches of foreign banks. It was established on June 22, 1963 by virtue of Republic Act No. 3591.
The primary function of PDIC is to protect small depositors and strengthen the public's confidence in the Philippine banking system. PDIC guarantees deposits up to ₱1,000,000. PDIC receives guidance from the International Association of Deposit Insurers.