Website enhancement. The Philippine Deposit Insurance Corporation (PDIC) launched its enhanced website on June 22, 2015 at the PDIC Office in Makati City. PDIC President Cristina Que Orbeta (third from left) and Civil Service Commission (CSC) Commissioner and Acting Chairman Robert Martinez (rightmost) led the uploading of the enhanced website for public viewing. With them are (from left) PDIC Directors Protacio Tacandong and Rogelio Manalo. The launch of the enhanced website is in line with PDIC's strategic direction to promote public awareness and financial literacy and to address the information needs of the depositing public. The public is encouraged to visit the enhanced website at www.pdic.gov.ph.

The Philippine Deposit Insurance Corporation (PDIC) rolled out its enhanced website to actively engage the public and to address the information needs of depositors to promote depositor protection and financial stability.

PDIC President Cristina Que Orbeta, Civil Service Commission (CSC) Commissioner and Acting Chairman Robert S. Martinez, PDIC Directors Rogelio Manalo and Protacio Tacandong, and Bangko Sentral ng Pilipinas (BSP) Managing Director Chuchi Fonacier led the uploading of the enhanced website for public viewing on June 22, 2015. The launch coincided with the 52nd founding anniversary of the PDIC and culminated the commemoration of the Depositor Protection and Awareness Week held on June 16-22 every year. The public may visit PDIC's enhanced website at www.pdic.gov.ph.

Enhancements to PDIC's website were made to make it more user-friendly and easier to navigate. It aims to better respond to the needs of the depositing public and other stakeholders as content and information on PDIC, its mandates, initiatives, and advocacies were reorganized.

The launch of the enhanced website is aligned with the PDIC's strategic direction on public engagement under its Roadmap to 2016 that aims to promote financial literacy and public awareness to protect depositors and assist them in making responsible financial decisions as well as help promote financial stability. It also supports the Core Principles for Effective Deposit Insurance Systems formulated by the International Association of Deposit Insurers' (IADI), specifically Core Principle on Public Awareness which recognizes the importance of informing the public on an ongoing basis about the deposit insurance system and its benefits and limitations using various communication tools such as a website.

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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 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.