MANILA—The Philippine Deposit Insurance Corporation (PDIC) was recognized as one of the top-ranking government-owned or -controlled corporations (GOCCs) in the country after being cited as Top 2 in the 2024 Corporate Governance Scorecard (CGS) for GOCCs.

The recognition was conferred by the Governance Commission for GOCCs (GCG) during the 2025 GCG Awards Ceremony held at the Sequoia Hotel in Parañaque City on December 1, 2025. PDIC received an Award of Excellence as one of the 11 GOCCs with the highest ratings under the CGS for calendar year 2024.

PDIC obtained an “Outstanding” rating with a score of 102.6, ranking second among GOCCs together with the National Electrification Administration. The CGS evaluates GOCCs based on international governance benchmarks.

“The recognition reflects the Corporation’s continuous commitment to upholding the highest standards of good governance. This is a fitting tribute to the men and women of PDIC for their professionalism, commitment, and responsiveness in our day-to-day operations. Our goal is to provide exemplary service to the depositing public so they can feel safe and confident in the country’s banking system,” PDIC President Roberto B. Tan said.

The award was described as an affirmation of PDIC’s efforts in strengthening its governance and pursuing its vision as “a key pillar in promoting financial stability by providing depositor protection responsive to changing times, earning the continuing trust of the public.”

The Corporate Governance Scorecard for GOCCs, adopted by the GCG, is patterned after the ASEAN Corporate Governance Scorecard and is based on the Principles of Corporate Governance for State-owned Enterprises of the Organization for Economic Cooperation and Development. It rates GOCCs’ policies and practices in stakeholder relations, disclosure and transparency, and board responsibilities.

PDIC has consistently been recognized by the GCG as one of the best-governed GOCCs in the bureaucracy since 2014.

The PDIC was established on June 22, 1963 through Republic Act 3591 to protect depositors and help maintain stability in the financial system. It is an attached agency of the Bangko Sentral ng Pilipinas and a member of several financial sector councils and committees.