FINANCIAL INSTITUTIONS

I. BSP III. Government Bank

II. Private Banks a. Development Bank of the Philippines

b. Land Bank of the Philippines
a. Universal Bank c. Al-Amanah Islamic Investment Bank
b. Commercial Bank
c. Thrift Banks (Stock Savings and IV. Private Non-Bank Financial Institutions
Mortgage Bank, Private Development
d. Investment house/Investment Banks
Bank, Stock Savings and Loan e. Finance Company
Association) f. Securities Dealer
d. Rural Bank g. Savings and Loan Associations
e. Cooperative Bank h. Mutual Funds
i. Pawnshop
V. Government Non-Bank j. Lending
f. GSIS k. Pension Fund
g. SSS l. Insurance
m. Credit Union
h. Pag-Ibig
• The PDIC is a government instrumentality created in
1963 by virtue of Republic Act No. 3591 to insure the
deposits of all banks.

• The PDIC exists to protect depositors by providing

deposit insurance coverage for the depositing public
and to help promote financial stability.
THE PDIC HAS THE FOLLOWING
ROLES:
• Deposit Insurance. PDIC provides a maximum deposit insurance
coverage of PhP500,000 per depositor per bank.
• Co-Regulator of Banks. PDIC works closely with the country's
financial regulators such as the Bangko Sentral ng Pilipinas (BSP) to
ensure the stability of the banking system.
• III. Liquidation of Closed Banks. PDIC proceeds with the
liquidation process upon order of the Monetary Board of the Bangko
Sentral ng Pilipinas.