P1-M maximum bank deposit insurance coverage ‘long overdue’
A Philippine representative has welcomed the decision of the state-run Philippine Deposit Insurance Corp (PDIC) to double the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million, effective March 15. “The 100% increase in the MDIC to P1 million per depositor per bank is long overdue,” Makati City Rep. Luis Campos […]
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