Insured deposits maintained in the Philippine banking system grew 40.9% in 2025, according to state deposit insurer Philippine Deposit Insurance Corporation (PDIC).
In a statement released on 22 April 2026, PDIC said total insured deposits amounted to PHP5.2tn ($94.5bn) last year, up from PHP3.7tn recorded in 2024, signalling a stronger financial safety net for depositors.
Among the contributors to the growth was the maximum deposit insurance coverage (MDIC), which doubled from PHP500,000 to PHP1m on 15 March 2025.
The policy initiative accounted for PHP1.3tn, or about 86.1% of the total increase in insured deposits.
The number of fully insured accounts also reached 169.2m, higher by 21% from the 140m recorded in 2024.
These accounts represent 98.8% of all deposit accounts nationwide, which PDIC said underscores the broad reach and inclusivity of deposit insurance.
Meanwhile, overall domestic deposit growth across the Philippine banking system remained robust, rising to PHP21.7tn by end-2025, an increase of 7.1%.
PDIC said, “Taken together, these positive developments highlight the PDIC’s critical role in strengthening financial stability, deepening public trust, and delivering enhanced protection for depositors across the banking system.”