THE PHILIPPINE Deposit Insurance Corporation (PDIC) warned the public against the fraudulent use of its logo on a document falsely presented as an official communication to borrowers of banks.
The PDIC, through its Public Assistance Department (PAD), received inquiries regarding the authenticity of a “Loan Compliance” notice signed by an individual named Luvina P. Soberano-Lim, which requires payment of insurance in connection with bank loan applications.
In response, PDIC released an advisory informing the public that the “Loan Compliance” notice is fraudulent. PDIC clarified that it does not require insurance coverage for any loan application, nor does it collect payments for the same. Furthermore, the signatory of the notice is neither affiliated with nor authorized to represent PDIC in any transaction. The bank account indicated in the notice does not belong to PDIC. To guard against this fraudulent activity, the PDIC urged the public to refrain from acting on such “Loan Compliance” notice or any other similar notices.
The Corporation also sternly warned against the unauthorized use of its logo, which is a violation of PDIC Regulatory Issuance No. 2025-01 on Revised Rules and Regulations on Advertisements and Proper Use of the PDIC Seal, Insurance Statement ,and Signages.
The public was likewise urged to be vigilant and to verify suspicious activities with the PDIC PAD through any of the following official channels: email address pad@pdic.gov.ph, hotline (02) 8841-4141 (for those within Metro Manila), toll-free hotline for calls outside of Metro Manila 1-800-1-8888-7342 (PDIC), or personal/direct message via www.facebook.com/OfficialPDIC or www.x.com/OfficialPDIC.
