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         PDIC President Jose C. Nograles took his oath of office before Finance Secretary and PDIC Chairman of the Board Margarito B. Teves in simple ceremonies at the Department of Finance on April 28, 2008. This followed his appointment as PDIC President by President Gloria Macapagal-Arroyo on April 15, 2008.   President Nograles was appointed by PGMA earlier on December 12, 2007 as Acting President of the PDIC.  FULL TEXT  May 6, 2008

 

         PDIC to Service Claims of Bankwise Depositors Starting Feb. 13. The Philippine Deposit Insurance Corporation (PDIC) announced that it will start servicing claims for insured deposits in the closed Bankwise, Inc. tomorrow afternoon, Wednesday, February 13, in the Bank’s Head Office and all of its branches.  FULL TEXT  Feb. 12, 2008

 

         PDIC Set to Pay Bankwise Depositors 5 Days After Bank Takeover (Claims servicing starts on Feb. 13). Five (5) days after takeover, the Philippine Deposit Insurance Corporation (PDIC) announced that it will start servicing claims for insured deposits in the closed Bankwise, Inc. on Wednesday, February 13, starting at 2:00 pm at the Bank’s Head Office and branches.   FULL TEXT  Feb. 11, 2008

 

         PDIC TAKES OVER MAKATI-BASED THRIFT BANK. The Philippine Deposit Insurance Corporation (PDIC) took over Bankwise, Inc. on February 8, 2008 after the Monetary Board (MB) ordered the closure of the bank by virtue of MB Resolution No. 157 dated February 7, 2008.   FULL TEXT  Feb. 9, 2008

 

         PDIC FINANCIAL LITERACY PROJECT HIGHLIGHTED IN INT'L CONFERENCE

         A long-term program aimed at educating consumers will, along with effective regulation and supervision, further enhance consumer protection and promote greater stability in the financial system. FULL TEXT  Dec. 3, 2007

 

         PDIC LAUNCHES OCCASIONAL PAPER IN INT'L MEET
 

        The Philippine Deposit Insurance Corporation (PDIC) recently launched the second edition of the PDIC Occasional Paper Series during the 6th International Association of Deposit Insurers (IADI) Annual General Meeting and Conference held in Kuala Lumpur, Malaysia recently.

        Canada Deposit Insurance Corporation (CDIC) Director for Policy and International Department David Walker authored the paper, “Deposit Insurance in Selected Asian Countries: Before and After the Financial Crisis”. The paper shares insights on the development of new deposit insurance systems in Asian region after the financial crisis in 1997, examines their similarities and differences and explores opportunities for greater information-sharing and cooperation among all deposit insurers in East Asia. FULL TEXT Dec. 3, 2007

        NOTICE TO THE DEPOSITORS OF THE CLOSED MARANAO RURAL BANK (MARAWI CITY, LANAO DEL SUR), INC. (MRBI)  FULL TEXT  Sept. 21, 2007

 

         EDUCATORS’ CONGRESS SUPPORTS PDIC’s FINANCIAL LITERACY EDUCATION


 

         The Philippine Deposit Insurance Corporation (PDIC) called on secondary school administrators in the public and private schools nationwide to join hands in helping shape a nation of future savers and a nation of well-informed depositors who can make well-considered financial decisions in the future, and help in the country’s economic development.  FULL TEXT  Sept. 14, 2007

 

        PDIC Advances P350 Million Dividend to NG. Philippine Deposit Insurance Corporation (PDIC) Chairman Margarito B. Teves announced that the PDIC management has recommended remittance of P350 million in advance dividends to the national treasury after its successful public offering of Philippine National Bank (PNB) shares. This is in response to the memorandum of President Gloria Macapagal-Arroyo to all government-owned and controlled corporations and government financial institutions to advance their dividend payments to the national treasury this year to support the government’s fiscal consolidation program. PDIC had previously remitted to the national treasury the amount of P200 million representing  dividends for 2006.   FULL TEXT  Aug. 1, 2007

 

         PDIC URGES OFWS AND FAMILIES TO BE VIGILANT


 

         Depositors’ vigiliance, best displayed by their willingness in acquiring financial literacy, can be a useful tool in making sure that their savings and investments in banks are safer and more secured.  FULL TEXT  July 25, 2007

 

PDIC INKS FINANCIAL LITERACY MOU WITH PRIVATE SCHOOL ORGANIZATIONS

         The Philippine Deposit Insurance Corporation (PDIC) recently signed a Memorandum of Understanding (MOU) with private school organizations to promote financial literacy and savings consciousness among high school students. The simple ceremony was held at the PDIC Main Office in Makati City as part of the celebration of the 5^th Depositor Protection and Awareness Week (June 16-22). The project expanded the coverage of PDIC’s financial literacy project that started in schoolyear 2006-2007 in collaboration with the Department of Education.  FULL TEXT  June 26, 2007

 

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