State-run Philippine Deposit Insurance Corp. (PDIC) is backing the Congressional initiative to amend its Charter so that it might introduce, among other things, bridge banking while liquidating a closed bank, and generally enable the deposit insurer to conform to international standards.

In a statement over the weekend, the deposit insurer said it welcomes the filing of the House of Representatives the House Bill (HB) 4392 or the bill amending the Charter of the PDIC on May 12.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details