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Beware of Scams
PDIC to enhance Loans Monitoring System for closed banks
PDIC signs cross-border partnership agreement with Korean counterpartPDIC turns over dividends to the National GovernmentPDIC launches eCalculator for depositorsPDIC turns over initial donation to Gawad KalingaPDIC’s Usapang Pera wins prestigious Anvil awardPDIC wins the Deposit Insurance Organization of the Year Award for 2013PDIC presents Deposit Insurance Organization of the Year Award to Finance SecretaryPDIC, GSIS, SSS embark on financial literacy campaign for public and private sector employeesPDIC commemorative stamps issued worldwideBSP, PDIC sign enhanced agreement on bank examinationPDIC launches financial literacy guidebookGlobal deposit insurance leaders pay courtesy call on President AquinoPDIC forged closer relations with international peers
WHAT'S NEW  

The Philippine Deposit Insurance Corporation wins the
Deposit Insurance Organization (DIO) of the Year Award for 2013
PDIC to sell 310 properties at 9th Housing Fair
Banco Carmona payout posts low depositor turnout
79% of total accounts remain unfiled
PDIC raises P23.9 million from sale of properties
PDIC advises borrowers of Fil-Agro Rural Bank, Inc. to pay their obligations
PDIC to enhance Loans Monitoring System for closed banks
PDIC advises borrowers of Rural Bank of Lobo (Batangas) to pay their obligations
PDIC to pay depositors of the closed Fil-Agro Rural Bank starting October 14
RTC issues warrant of arrest against Banlee C. Choa, former bank Chairman and President, for misappropriation of P748-M bank funds
PDIC to pay depositors of the closed Rural Bank of Lobo starting October 7
Schedule of Depositors and Borrowers Forum for the closed Fil-Agro Rural Bank, Inc.
MB places Fil-Agro Rural Bank, Inc. under PDIC receivership
All valid insured deposit claims will be paid
PDIC to pay depositors of the closed Rural Bank of Padre Burgos (Southern Leyte) starting September 29
Schedule of Depositors and Borrowers Forum for the closed Rural Bank of Lobo (Batangas), Inc.
PDIC advises borrowers of Rural Bank of Padre Burgos (Southern Leyte) to pay their obligations
PDIC to bid out P51.6-M in closed banks’ assets on October 9
MB places Rural Bank of Lobo, Inc. under PDIC receivership
All valid insured deposit claims will be paid
MB places Rural Bank of Padre Burgos (Southern Leyte), Inc. under PDIC receivership
All valid insured deposit claims will be paid
Schedule of Depositors and Borrowers Forum for the closed Rural Bank of Padre Burgos (Southern Leyte), Inc.
PDIC to continue processing claims of Rural Bank of Oroquieta (Misamis Occidental) depositors
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Usapang Pera
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Weighted Average Interest Rates
ADVISORY

Depositors should carefully assess deposit interest rate offers that are clearly much higher than the market rates. Excessively high interest rates usually indicate higher risk. Please refer to PDIC Regulatory Issuance No. 2011-01 and BSP Circular No. 640 for more information.

* Represents the weighted average interest rate charged on interest-bearing deposits (<360 days) with fixed-maturity dates and evidenced by certificates issued by commercial banks. These rates are sourced from the Bangko Sentral ng Pilipinas (BSP), http://www.bsp.gov.ph/statistics/spei_pub/Table 2019.pdf.

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