Deposit insurance fund 'in good shape,' says PDIC

Jan 13, 2025 12:21 am

THE deposit insurance fund (DIF) of the banking system is 'in good shape,' providing adequate protection for depositors despite a hefty remittance to the Bureau of the Treasury (BTr), Philippine Deposit Insurance Corp. (PDIC) president Robert Tan told reporters at the sidelines of the Annual Reception for the Banking Community on Friday.

The DIF is the fund source for deposit insurance payouts to bank clients and financial assistance to banks during emergencies.

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