New deposit insurance coverage bared soon

Quick Summary:

THE Philippine Deposit Insurance Corp.(PDIC) expects to disclose the new maximum deposit insurance coverage (MDIC) in the first semester of the year.

He said PDIC officials are “closely coordinating with Bangko Sentral on the policy umbrella for that; that increases the leeway of banks to entice more deposits.

Our deposit insurance system was designed for preventing runs on individual banks.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Remolona Been Moral Hazard Crisis Deposit Banks Insurance Time Mdic Pdic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 16:09:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25084001

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 32 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 16 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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