PDIC charter amendments for a stronger and more resilient banking system—Angara
Senator Sonny Angara said today that the latest amendments to the Philippine Deposit Insurance Corporation (PDIC) charter will result in a stronger and more resilient banking system in the country.
A product of extensive consultations with the Bangko Sentral ng Pilipinas (BSP), the academe and stakeholders of the banking and financial sector, Angara said the new charter of the PDIC will streamline the operation of the government corporation so that it could focus on its core function of securing the deposits of the public by providing insurance coverage for banks.