PDIC, OSG sign agreement to strengthen depositor protection

The Philippine Deposit Insurance Corp. (PDIC) and the Office of the Solicitor General (OSG) have signed a memorandum of agreement to strengthen the enforcement of banking laws and streamline the handling of criminal cases against erring bank officials.

PDIC President and CEO Roberto B. Tan and Solicitor General Darlene Marie B. Berberabe formalized the agreement during a ceremony held at the OSG Building in Makati City on Aug. 7, 2025.

The agreement underscores a shared commitment to upholding justice, protecting depositors, and preserving public trust in the financial system.

It also establishes a clear framework for coordinated action in criminal cases elevated before the Court of Appeals or the Supreme Court to ensure accountability among those entrusted with depositors’ funds.

Under the agreement, the OSG is expected to provide additional legal services as required by the PDIC and form a dedicated task force to ensure better coordination and more efficient handling of referred cases.

Tan described the agreement as a milestone in the joint efforts of both agencies “to uphold justice and integrity in public trust and the financial system.”

Berberabe affirmed the OSG’s commitment “to providing help and assistance” not only in pursuing criminal cases but also in preventing litigation.

As a government instrumentality, the PDIC has the authority to file criminal cases to protect the interests of the depositing public and maintain confidence in the banking system against schemes punishable under the Revised Penal Code.