Deposits in the Philippine banking industry almost reached the P15-trillion mark at the end of last year, despite the coronavirus disease 2019 pandemic, according to the Philippine Deposit Insurance Corp. (PDIC).

In a statement on Wednesday, the state-run deposit insurer reported that total deposits rose by 9 percent to P14.9 trillion as of end-December 2020 from P13.6 trillion as of end- December 2019.

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