PDIC, OGCC ink partnership to enhance depositor protection, promote public confidence

Stronger depositor safeguards through the enforcement of the rule of law. The Philippine Deposit Insurance Corporation (PDIC) has partnered with the Office of the Government Corporate Counsel (OGCC) for special legal services to enhance depositor protection and strengthen public confidence in the Philippine banking system. The PDIC and OGCC signed the Memorandum of Agreement (MOA) in simple ceremonies held at the PDIC Chino Office on December 16, 2025. Signing the MOA were PDIC President and CEO Roberto B. Tan (second from the right) and Government Corporate Counsel Solomon M. Hermosura (second from the left). Witnessing the signing of the agreement were Assistant Government Corporate Counsel Reginald Jeremy I. Wan (leftmost) and PDIC General Counsel Maria Antonette I. Brillantes-Bolivar (rightmost).

The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Government Corporate Counsel (OGCC) reaffirmed their commitment to expand its long-standing collaboration with the ceremonial signing of a Memorandum of Agreement (MOA) for the provision of special legal services by the latter to PDIC.

Represented by PDIC President and CEO Roberto B. Tan and Government Corporate Counsel Solomon M. Hermosura, the MOA was signed in simple ceremonies held at the PDIC Chino Building in Makati City on December 16, 2025.

Under the MOA, the OGCC will assign a dedicated legal team to provide legal assistance and representation to the PDIC. Its services will include, among others, the enforcement of the Corporation’s rights, representation in mediation and arbitration proceedings, advisory on regulatory compliance and major procurement projects, legal risks assessments, conduct of preliminary and formal investigations in administrative cases, and the preparation and filing of foreclosure petitions.

PDIC President Tan said that the partnership will enable the Corporation to navigate complex legal challenges and focus on delivering impactful programs and services to the depositing public and the country’s financial system.

Meanwhile, GCC Hermosura expressed full support to the collaboration, citing that the OGCC exists to support government-owned and controlled corporations, and in the case of the PDIC, it is an opportunity for the OGCC to help the Corporation preserve confidence in the banking system, a key pillar of a stable economy.

Both agencies expressed optimism that the agreement forged will contribute to nation-building and to a stable financial system.

The Philippine Deposit Insurance Corporation (PDIC) was established on 22 June 1963 by Republic Act 3591 to protect depositors and help maintain stability in the financial system.

The PDIC is an attached agency of the Bangko Sentral ng Pilipinas and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.