MANILA — The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Government Corporate Counsel (OGCC) have signed a memorandum of agreement to enhance depositor protection and strengthen public confidence in the Philippine banking system.

The agreement, signed on December 16, 2025 at the PDIC Chino Building in Makati City, expands the long-standing collaboration between the two agencies through the provision of special legal services by the OGCC to the PDIC.

Under the memorandum of agreement, the OGCC will assign a dedicated legal team to assist and represent the PDIC in various legal matters. These include enforcement of the Corporation’s rights, representation in mediation and arbitration proceedings, advisory services on regulatory compliance and major procurement projects, legal risk assessments, the conduct of administrative investigations, and the preparation and filing of foreclosure petitions.

PDIC President and CEO Roberto B. Tan said the partnership will help the Corporation address complex legal challenges while allowing it to focus on delivering programs and services that support depositors and the financial system.

Government Corporate Counsel Solomon M. Hermosura said the OGCC fully supports the collaboration, noting that assisting the PDIC is part of the agency’s mandate to help government-owned and controlled corporations and preserve confidence in the banking system.

Both agencies expressed optimism that the agreement will contribute to nation-building and help maintain a stable financial system, according to the PDIC.