This website uses information-gathering tools including cookies and other similar technology. Data generated are not shared with any other party. For more information, please refer to our privacy policy.
Deposits are insured by PDIC up to P500,000 per depositor
Home  •  Site Map  •  Contact Us  •  PDIC Mail  •  IT Support  •  Privacy Policy  •  FAQs
NEWS   


11th PDIC Chief is First Lady President

Cristina Que Orbeta, the Officer-in-Charge of the Philippine Deposit Insurance Corporation (PDIC) since July 30, 2014, has been elected by the PDIC Board as President of the Corporation on November 12, 2014. She was earlier appointed as member of the PDIC Board by President Benigno S. Aquino III, vice former President Valentin A. Araneta who was appointed member of the Monetary Board. Ms. Orbeta is the 11th President of PDIC and the first lady President of the state deposit insurance agency.

Ms. Orbeta joined PDIC in 2005 and served as Executive Vice President supervising critical areas of PDIC operations namely examination and resolution, and receivership and liquidation of banks. She is the Chairperson of the Advisory Council of the APEC-Financial Regulatory Training Initiatives (APEC-FRTI) and was also recently elected as member of the Executive Council of the International Association of Deposit Insurers (IADI) in November 2014.

She spent almost three decades of her professional career in government service, briefly at the National Census and Statistics Office and National Grains Authority, before joining the former Central Bank of the Philippines and the Bangko Sentral ng Pilipinas where she served for 24 years. Prior to joining the PDIC, Ms. Orbeta was Deputy Senior Country Officer of Calyon Corporate and Investment Bank (Manila Offshore Branch) and Deputy General Manager of Credit Lyonnais (Manila Offshore Branch).

Ms. Orbeta graduated with a degree in Bachelor of Arts in Mathematics (Magna Cum Laude) from the University of the East. She completed her Master of Public Administration degree from Harvard University in 1987.

* * * * *

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.


back

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. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
Questions? Need Help? Click Frequently Asked Questions Trunkline.: (632) 8841-4000
Hotline: (632) 8841-4141
(for Metro Manila clients)
Fax No.: (632) 8841-4085
Email: pad@pdic.gov.ph
Client outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC