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Palestine Deposit Insurance Corporation

Palestinian deposit insurance institution established by law to protect depositors' funds in member banks.

Last updated September 16, 2026

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Overview

The Palestine Deposit Insurance Corporation (PDIC) was established under Decree-Law No. (7) of 2013 as an institution with legal personality, legal capacity, and financial and administrative independence. Its stated purpose is to protect depositors' funds in member banks, encourage saving, and strengthen confidence in the Palestinian banking system. Under its law it holds broad powers as a deposit insurer and bank liquidator, and a supervisory role involving periodic exchange of member-bank information with the Palestinian Monetary Authority.

History

The Palestine Deposit Insurance Corporation was established under Decree-Law No. (7) of 2013 as an institution with legal personality, legal capacity, and financial and administrative independence. Its purpose is to protect depositors' funds in member banks, encourage saving, and strengthen confidence in the Palestinian banking system. Under its law, it holds broad powers as a deposit insurer and bank liquidator, as well as a supervisory role involving periodic exchange of member-bank information with the Palestinian Monetary Authority. Its vision is to be a pioneering institution in deposit insurance that enhances public confidence in the Palestinian banking sector and contributes to its stability. Its mission is to provide protection for depositors' funds in the Palestinian banking system according to the specified compensation ceiling, raise public awareness of the deposit insurance system, and effectively perform its role within the Palestinian financial safety net.

Products and positioning

A pioneering institution in deposit insurance that enhances public confidence in the Palestinian banking sector and contributes to its stability.

Product categories. deposit insurance · bank liquidation · public awareness of deposit insurance

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