The Philippine Deposit Insurance Corporation (PDIC) will lead the observance of the 11 th Depositor Protection and Awareness Week (DPAW) on June 16 to 22 with the theme, “PDIC: Committed to Serve”. This will culminate on June 22, the 50 th founding anniversary of the Corporation, which ushers five decades of providing depositor protection and financial stability in the banking system.
To highlight this year’s DPAW commemoration, the PDIC will launch its guidebook on basic banking and financial transactions, aptly titled, “Usapang Pera: Mga Dapat Alamin”. The guidebook is a collaboration of PDIC and best-selling author, Efren Ll. Cruz. It will be a resource material for PDIC’s public awareness campaigns for the use of every Filipino including professionals, overseas Filipino workers (OFWs) and their families, senior citizens, and even parishes and schools. It will contain information that will help the reader to understand better the nature and handling of bank deposits.
The DPAW is a yearly campaign spearheaded by the PDIC aimed at strengthening the country’s banking system through enhanced depositor confidence to complement the government’s thrust of sustaining economic growth through savings mobilization.
Presidential Proclamation No. 358 declared June 16 to 22 every year as Depositor Protection and Awareness Week. The Proclamation was issued on April 4, 2003.
The PDIC has ongoing initiatives on financial literacy aimed at heightening awareness on deposit insurance, responsible banking and wise-saving. Among these are the secondary school curriculum integration in partnership with the Department of Education (DepEd) and the “Be A Wise Saver” targeted at students enrolled in colleges and universities and employees of local government units nationwide. The “Be A Wise Saver” campaign is being jointly undertaken with the Bangko Sentral ng Pilipinas (BSP) and the major groups, Bankers Association of the Philippines (BAP), Chamber of Thrift Banks (CTB), Rural Bankers Association of the Philippines (RBAP) and Bank Marketing Association of the Philippines (BMAP).