PDIC, German counterparts advance international collaboration to enhance depositor protection

Building on a historically close relationship as active members of the International Association of Deposit Insurers (IADI), the Philippine Deposit Insurance Corporation (PDIC) and its German counterparts, through the Association of German Banks (AGB) – Deposit Protection Fund (DPF) and the Compensation Scheme of German Banks (CSGB), recently entered into separate five-year Memorandums of Understanding (MOUs) on bilateral cooperation.

These landmark cross-border partnerships mark the first-ever collaboration between the Philippines and Germany to foster deposit insurance, underscoring the jurisdictions’ shared commitment to strengthening their respective systems and enhancing their effectiveness in safeguarding depositors and promoting financial stability.

The MOUs were signed by PDIC President and CEO Roberto B. Tan, while the German counterparts were represented by AGB Executive Board Member, DPF Head, and CSGB Management Board Spokesperson, Dr. Hilmar Zettler, and CSGB Managing Director, Dr. Martin Boegl.

The signing coincided with the 2025 IADI Annual Conference held in Lisbon, Portugal in November 2025.

Through the MOUs, a framework is established to enable the exchange of knowledge and experience across key areas such as deposit insurance, receivership and liquidation, bank resolution, risk management, premium assessment, fund management, database administration, legal and administrative procedures, and public awareness.

Further, it allows the exchange of views on the implementation of international standards and guidance on deposit insurance issues.

The MOUs also provide for joint activities such as research projects, senior-level study visits, and the creation of working groups to support capacity-building initiatives, including trainings and technical exchanges.

The MOUs may be extended for another five years upon joint and written consent by the parties.

The PDIC has forged partnerships with peers from Germany, Indonesia, Japan, Kazakhstan, Malaysia, Mongolia, Russia, South Korea, Thailand, United Kingdom, United States of America, and Vietnam to strengthen technical cooperation.

Through these agreements, the PDIC reinforces its commitment to align Philippine deposit insurance practices with global standards.