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PDIC turns over dividends to the National Government |
President Benigno S. Aquino receives from Philippine Deposit Insurance Corporation President Cristina Orbeta the dividend check amounting to P2.1-billion to be remitted to the National Treasury during the GOCC Dividends Day at the Rizal Hall of the MalacaƱan Palace on May 13. (Photo by MalacaƱang Photo Bureau) * * * * * 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 permanent and continuing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 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. PDIC news/press releases and other information are available at the website, www.pdic.gov.ph. |
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