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Deposits are insured by PDIC up to P500,000 per depositor
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PDIC Board of Directors and Officers

ELI M. REMOLONA, JR.
Chairperson

Dr. Eli Remolona is the seventh Governor of the BSP and Chairman of the Monetary Board. Governor Remolona has extensive policy and operational experience on monetary policy and international finance, having worked for 19 years at the Bank for International Settlements (BIS) and 14 years for the Federal Reserve Bank of New York.

From 2019 to 2022, Governor Remolona served as professor of finance and director of central banking at the Asia School of Business in Kuala Lumpur. He also taught at Williams College, Columbia University, New York University, and the University of the Philippines-School of Economics.

Before his appointment to the Monetary Board in 2022, Governor Remolona served as independent director of the Bank for Philippine Islands (BPI) and chairman of its risk management committee.

He earned his PhD in Economics with distinction from Stanford University and obtained his bachelor’s degree in Economics with honors from the Ateneo de Manila University.

Key Information

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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. 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