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PDIC to conduct nationwide public awareness survey on deposit insurance

Date of Release: January 30, 2019

IN PURSUIT OF RAISING PUBLIC AWARENESS. The Philippine Deposit Insurance Corporation (PDIC) will conduct the first ever nationwide public awareness survey to gauge the public perception of PDIC and deposit insurance to help promote public confidence in the Philippine banking system. The PDIC engaged Kantar Philippines, Inc. (Kantar) to undertake the survey, the resulting baseline data will be used to design and implement efficient and responsive communication programs and activities towards enhancing depositor protection. The conduct of the survey supports the Core Principle on Public Awareness formulated by the International Association of Deposit Insurers (IADI) that prescribes the monitoring and independent evaluation by the deposit insurer of the effectiveness of its public awareness programs or activities. PDIC Vice President Jose G. Villaret, Jr. and Kantar Research Director Joel D. Flores recently signed the agreement in simple ceremonies held at the PDIC Office in Makati City. The survey will be undertaken within the first quarter of 2019. Kantar Philippines, Inc., established in 1980, is the country’s largest research market agency specializing in data, insight and consultancy services.

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The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963 by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is PhP500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together. A joint account shall be insured separately from any individually-owned deposit account.

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Corporate Communications Dept.
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PDIC is a government instrumentality created in
1963 by virtue of Republic Act 3591, as amended,
to insure the deposits of all banks. PDIC exists to
protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability
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