Philippine Deposit Insurance Corporation

The Philippine Deposit Insurance Corporation (PDIC) is a government agency that protects bank depositors in the Philippines. If a bank fails or closes, PDIC guarantees the safety of depositors’ funds up to a certain limit, ensuring they don’t lose their money. It also helps manage and resolve bank problems to maintain confidence in the banking system. PDIC's role is to promote financial stability and protect depositors’ interests, fostering trust in the country’s banking industry.