Philippine Deposit Insurance Corporation
Encyclopedia
The Philippine Deposit Insurance Corporation is a government-run Philippine
deposit insurance
fund. It was established on June 22, 1963 by Republic Act 3591. It guarantees deposits up to P
500,000.
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
deposit insurance
Deposit insurance
Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due...
fund. It was established on June 22, 1963 by Republic Act 3591. It guarantees deposits up to P
Philippine peso
The peso is the currency of the Philippines. It is subdivided into 100 centavos . Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used...
500,000.