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PDIC 'studying' increase in bank deposit protection limit

PDIC 'studying' increase in bank deposit protection limit
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Eli Remolona , Philippine Deposit Insurance Corp , Roberto Tan ,

PH markets now in 'risk-on' mode | The Manila Times

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. ....

United States , Eli Remolona , Bangko Sentral , Eli Remolona Jr , Philippine Deposit Insurance Corp , Terms Of Service , Financial Stability Coordination Council , Exchange Commission , Insurance Commission , Stability Report , Governor Eli Remolona , Philippine Deposit Insurance , Manila Times , Roberto Tan , Risk On ,

Domestic deposits reach P16.2-T in 2021

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 ....

Bangko Sentral , Philippine Deposit Insurance Corp , Roberto Tan ,

PDIC hastens deposit insurance claim settlement

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 ....

Bank Loan Incentive Program , Deposit Insurance Fund , Philippine Deposit Insurance Corp , Philippine Deposit Insurance , Finance Secretary , Carlos Dominguez , Roberto Tan , Monetary Board , Manila The Use Of Digital Platforms Enabled Philippine Deposit Insurance Corp Pdic To Significantly Cut Its Clearing Time In Settlinga Total 19 , 184 Deposit Insurance Claims And In Resolving Over 30 , 000 Loan Accounts In Closed Banks 2021 Ina Report To Finance Secretary And Pdic Board Chairman Carlos Dominguez Iii , Dic 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 , Ignificantly Faster Than Its Target Of 27 Working Days Meanwhile , Ll 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 , N Improvement Over Its Target Of 41 Working Days Tan Also Reported That Insured Deposits Paid In Closed Banks Grew From Php219 68 Million 2020 To Php471 15 2021 Cleaning Up Non Cash Portfolio , An Disclosed That The 30 , 384 Loan Accounts Resolved In 2021 Were 70 Percent Higher Than Its Target Of 17 , 826 Loan Accounts Fora Three Year Period From 2019 To 2021 The Pdic Has Resolveda Total Of 79 , 474 Loan Accounts Tan Said The Pdic 39s Target Of Disposing 807 Real Properties Also Improved As It Completed Disposal 1 , 141 Real Properties In 2021 Bringing Total Asset Disposal To 3 , 551 Properties Since 2019 The Pdic Managesa Total Inventory Of 32 , 000 Real Properties Anda Five Year Asset Disposal Program Has Been Drawn Up To Expedite The Process Tan Reported That Corporation Continued Last Implementation Of Electronic Filing And Payment Arrangements Settle Deposit Insurance Claims Bidding Asa New Normal Approach These Online Channels Include Web Based Claim Form Made Available By Pdic On Its Website , Uch As Pesonet ,