Allies for community empowerment. The Philippine Deposit Insurance Corporation (PDIC), represented by Vice President Niño Ray L. Villaluna (Examination Group I), recognized the important role that rural banks play in empowering communities and promoting financial inclusion, during the recently concluded Annual Management Conference of the Confederation of Central Luzon Rural Banks (CCLRB) held in Clark, Pampanga on March 6, 2025 with the theme, “Rural Banks: Empowering Communities Through Financial Innovation”. Highlighting the importance of good governance and financial innovation, rural banks were assured of the PDIC’s commitment to contribute to financial stability by helping strengthen banks and ensuring crisis readiness. The PDIC announced that it has partnered with the Rural Bankers Research and Development Foundation Inc. and will continue to establish new alliances with bank groups to implement institutional strengthening through capacity building for banks. It has also enhanced depositor protection through the adjustment of the maximum deposit insurance coverage to P1 million, per depositor effective March 15, 2025, and at no additional cost to banks. (PDIC)
