MANILA — The Philippine Deposit Insurance Corporation (PDIC) has entered into separate five-year Memorandums of Understanding (MOUs) with the Association of German Banks (AGB) – Deposit Protection Fund (DPF) and the Compensation Scheme of German Banks (CSGB) to strengthen cross-border cooperation and enhance deposit insurance systems.

The agreements mark the first-ever collaboration between the Philippines and Germany in the field of deposit insurance, underscoring a shared commitment to safeguarding depositors and promoting financial stability.

The MOUs were signed by PDIC President and Chief Executive Officer Roberto B. Tan, while the German counterparts were represented by AGB Executive Board Member, DPF Head, and CSGB Management Board Spokesperson Dr. Hilmar Zettler, and CSGB Managing Director Dr. Martin Boegl. The signing took place on the sidelines of the 2025 International Association of Deposit Insurers (IADI) Annual Conference held in Lisbon, Portugal in November 2025.

Under the agreements, a framework is established for the exchange of knowledge and experience in areas including deposit insurance, receivership and liquidation, bank resolution, risk management, premium assessment, fund management, database administration, legal and administrative procedures, and public awareness. The MOUs also allow the exchange of views on the implementation of international standards and guidance on deposit insurance issues.

The agreements further provide for joint activities such as research projects, senior-level study visits, and the creation of working groups to support capacity-building initiatives, including trainings and technical exchanges. The MOUs may be extended for another five years upon joint and written consent of the parties.

The PDIC has previously forged partnerships with counterparts from Germany, Indonesia, Japan, Kazakhstan, Malaysia, Mongolia, Russia, South Korea, Thailand, the United Kingdom, the United States of America, and Vietnam to strengthen technical cooperation and align Philippine deposit insurance practices with global standards.

The PDIC was established on June 22, 1963 under 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 the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.