PDIC honors key partners for advancing mandates and advocacies

The Philippine Deposit Insurance Corporation (PDIC) celebrated its 60th anniversary by recognizing 38 key partners from both the government and private sector for their significant contributions to advancing the state deposit insurer’s mandates and advocacies. The first-ever Stakeholders’ Appreciation Night was held at the Philippine International Convention Center on June 20, 2024.

Collaboration for Stability

Bangko Sentral ng Pilipinas (BSP) Governor and PDIC Board Chairman Eli M. Remolona, Jr. emphasized the crucial role of collaboration in maintaining a stable and sound banking system. “The PDIC’s relationships have been crucial to the organization’s success. We work very closely together and try hard to maintain the stability and resilience of the Philippine banking system. Together, we are stronger in facing the challenges ahead,” Remolona stated.

PDIC President and CEO Roberto B. Tan echoed these sentiments, expressing optimism for continued and strengthened partnerships. “We will ensure that the trust you have given PDIC and which we have established and earned through time – through partnerships and collaboration — will endure and will redound to more benefit to the depositing public,” Tan said.

Recognized Institutions

The PDIC honored 16 partner organizations for their efforts in institutional strengthening, regional cooperation, and sharing global best practices.

These included the International Association of Deposit Insurers, US Federal Deposit Insurance Corporation, World Bank, Asian Development Bank, Department of Information and Communications Technology, Department of Trade and Industry, Supreme Court of the Philippines, Office of the Government Corporate Counsel, Philippine Judicial Academy, Cebu Bankers’ Club, Dabaw City Bankers Association, Inc., Pampanga Bankers Association, Municipal Governments of Jones and San Agustin in Isabela, Municipal Government of San Juan in Southern Leyte, and the Chamber of Real Estate and Builders Associations, Inc.

Additionally, 13 partner agencies were recognized for promoting PDIC’s advocacies and corporate social responsibility initiatives.

These included the Bankers Association of the Philippines, Chamber of Thrift Banks, Rural Bankers Association of the Philippines, Bank Marketing Association of the Philippines, Government Service Insurance System, Social Security System, Komisyon sa Wikang Filipino, Philippine Information Agency, Philippine Commission on Women, Public Relations Society of the Philippines, Gawad Kalinga, City Government of Iloilo, and Junior Financial Executives – Polytechnic University of the Philippines.

Government and Oversight Support

Nine oversight agencies and government partners were also acknowledged for their vital support in governance and public service initiatives.

These included the Bangko Sentral ng Pilipinas, Department of Finance, Civil Service Commission, Commission on Audit, Governance Commission for GOCCs, Insurance Commission, Land Bank of the Philippines, Philippine Postal Corporation, and Securities and Exchange Commission.

The event highlighted the importance of these partnerships in enhancing public awareness and strengthening the Corporation’s service programs, ultimately benefiting the depositing public and contributing to a resilient financial system.