PDIC, OGCC sign deal to boost depositor protection

Stronger depositor safeguards through the enforcement of the rule of law. The Philippine Deposit Insurance Corp. (PDIC) has partnered with the Office of the Government Corporate Counsel (OGCC) to provide special legal services aimed at enhancing depositor protection and strengthening public confidence in the Philippine banking system.

The two agencies signed a memorandum of agreement (MOA) in simple ceremonies held at the PDIC Chino Building in Makati City on Dec. 16, 2025.

Signing the MOA were PDIC President and CEO Roberto B. Tan and Government Corporate Counsel Solomon M. Hermosura.

Also present at the signing were Assistant Government Corporate Counsel Reginald Jeremy I. Wan and PDIC General Counsel Maria Antonette I. Brillantes-Bolivar.

Under the MOA, the OGCC will assign a dedicated legal team to provide legal assistance and representation to PDIC.

Services will include enforcing the corporation’s rights, representing PDIC in mediation and arbitration proceedings, advising on regulatory compliance and major procurement projects, assessing legal risks, conducting investigations in administrative cases, and filing foreclosure petitions.

PDIC President Tan said the partnership will allow the agency to navigate complex legal challenges while focusing on delivering impactful programs to depositors and the country’s financial system.

“This partnership reinforces our ability to address legal complexities efficiently and prioritize the protection of depositors,” Tan said.

GCC Hermosura expressed full support for the collaboration, saying the OGCC exists to assist government-owned and -controlled corporations (GOCCs).

“In the case of PDIC, this is an opportunity for OGCC to help preserve confidence in the banking system—a key pillar of a stable economy,” Hermosura said.

Both agencies said the agreement is a step forward in nation-building and promoting a stable financial system.