PDIC, KWF Team up to Educate and Reach out to More Depositors

To reach out to more Filipinos, the Philippine Deposit Insurance Corporation (PDIC) has partnered with the Komisyon sa Wikang Filipino (KWF) for the translation of information materials under its flagship savings advocacy program, Be A Wise Saver (BAWS), into Filipino and other major dialects including Cebuano, Ilokano, Bikolano, Hiligaynon, Waray and Maranaw, to make them more relevant and easier-to-understand.

The partnership was formalized through a Memorandum of Agreement (MOA) signed by PDIC President Cristina Que Orbeta and KWF Head of Translation (Sangay ng Salin at Publikasyon), Dr. Benjamin Mendillo, Jr. on June 19, 2015 at the PDIC Office in Makati City. KWF is the only government agency for language mandated to advocate the promotion, dissemination and preservation of the Filipino language and other dialects in the Philippines.

The partnership bolsters the efforts of PDIC to reach out to more depositors as it commemorated the 13th Depositor Protection and Awareness Week (DPAW) on June 16 to 22, 2015 with the theme, “Promoting Depositor Confidence through Public Awareness and Financial Literacy”. BAWS is a campaign aimed at equipping the depositing public with basic information on saving and responsible banking.

BAWS is supported by the Bangko Sentral ng Pilipinas and bank groups namely Bankers Association of the Philippines, Chamber of Thrift Banks, Rural Bankers Association of the Philippines and Bank Marketing Association of the Philippines. It is disseminated through lectures and roadshows to help increase public awareness and provide relevant information to the public and depositors through the 7 Habits of a Wise Saver.

PDIC is the government instrumentality mandated to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance. As deposit insurer, the PDIC believes that public awareness and financial literacy are ways to protect depositors and help them make sound and informed financial decisions.

Source: www.pdic.gov.ph