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PHILIPPINE DEPOSIT INSURANCE CORPORATION
Deposits are insured by PDIC up to ₱1 Million per depositor
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Frequently Asked Questions
Frequently Asked Questions
FREQUENTLY ASKED QUESTIONS   
26. What happens to the loan payments collected by PDIC from borrowers of closed banks?

Loan payments collected from borrowers of the closed bank by PDIC, as statutory receiver of closed banks, are added to the pool of funds of these closed banks that are, in turn, used to pay off the closed banks’ creditors. These creditors may include suppliers, service providers, and depositors with uninsured deposits.

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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