000			01512nam a2200193Ia 4500
001			133331
003			0000000000
005			20210120093258.0
008			100504s2016 000 0 eng d
050			_aHG 1662.A4.P6 _b.P538 2016
245		0	_aPDIC charter (Republic Act No. 3591, as amended).
260			_aMakati City : _b PDIC, Corporate Communications Department, _c2016
300			_a66 pages _b 22 cm.
520			_aPDIC is a government instrumentality created in 1963 by virtue of Republic Act 3591 to insure the deposits of all banks which are entitled to the benefits of insurance. The latest amendments to RA 3591 are contained in RA 10846 signed into law on May 23, 2016. RA 10846 empowered PDIC with stronger authorities to protect the depositing public and promote financial stability. The new law also includes important provisions to ensure that the PDIC remains financially and institutionally strong to fulfill its mandate under its Charter. The PDIC now has the authority to help depositors have quicker access to their insured deposits should their bank close; resolve problem banks while still open; hasten the liquidation process for closed banks; and mete out stiffer sanctions and penalties against those who engage in unsafe and unsound banking practices. --Pdic.gov.ph.
650			_aDeposit insurance. _945026
650			_aPhilippine Deposit Insurance Corporation (PDIC). _945027
942			_cFIL
999			_c16226 _d16226