Insured deposits hit P5.2T in 2025 – PDIC

Insured deposits in the Philippine banking system surged to ₱5.2 trillion last year, reflecting stronger depositor protection and growing confidence in the financial sector, the state deposit insurer said.

The Philippine Deposit Insurance Corporation reported that the total rose by 40.9 percent from ₱3.7 trillion in 2024, marking a significant expansion of the country’s financial safety net.

A key driver of the increase was the doubling of the maximum deposit insurance coverage (MDIC) from ₱500,000 to ₱1 million, implemented on March 15, 2025. The policy alone accounted for ₱1.3 trillion, or 86.1 percent, of the total growth in insured deposits.

PDIC also noted a sharp rise in fully insured accounts, which reached 169.2 million—up 20.9 percent from 140 million the previous year. These now represent 98.8 percent of all deposit accounts nationwide, underscoring broad coverage across depositors.

Overall deposits in the banking system also remained strong, climbing to ₱21.7 trillion by end-2025, a 7.1 percent increase year-on-year. Growth was largely driven by individual depositors, contributing ₱812.1 billion, followed by private corporations at ₱334.8 billion.

The PDIC said these developments highlight its role in reinforcing financial stability and public trust, while ensuring stronger protection for savers across the country’s banking system.