MANILA, Philippines - A central bank-led government group said it was eyeing reforms to the country’s deposit insurance system to strengthen the local financial sector amid “potential ...

State-run Philippine Deposit Insurance Corp. has reaffirmed its commitment to support banks through major reforms aimed at reinforcing depositor confidence, financial inclusion and institutional ...

Starting March 15, 2025, the DIF guarantees that deposits up to the maximum deposit insurance coverage (MDIC) of P1 million per depositor per bank are protected. This is double the previous MDIC ...