While not yet confirmed, Cacdac also receives a nod of approval from other lawmakers citing his decades-long government service helping overseas Filipino workers
PDIC studying increase in bank deposit protection limit philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
RISK appetites have risen as expected threats failed to materialize last year, the Financial Stability Coordination Council (FSCC) said, opening up opportunities not only for businesses but also regulators to prepare for and prevent future shocks.
Total deposits in the Philippine banking system continued to grow reaching P16.2 trillion in 2021, 9.0 percent higher than the P14.9 trillion recorded a
MANILA- The use of digital platforms enabled the Philippine Deposit Insurance Corp. (PDIC) to significantly cut its clearing time in settling a total of 19,184 deposit insurance claims and in resolving over 30,000 loan accounts in closed banks in 2021. In a report to Finance Secretary and PDIC Board chairman Carlos Dominguez III, PDIC president and chief executive officer Roberto Tan said deposit insurance claims filed last year involving 10 banks with no more than 3,000 accounts each were settled in 17 to 22 working days, significantly faster than its target of 27 working days. Meanwhile, all deposit insurance claims filed in two larger banks with over 3,000 to 10,000 accounts each were settled in 37 to 40 working days, an improvement over its target of 41 working days. Tan also reported that insured deposits paid in closed banks grew from PHP219.68 million in 2020 to PHP471.15 million in 2021. In cleaning up its non-cash portfolio, Tan disclosed that the 30,384 loan accounts resolved