As a culminating event for its 60th founding anniversary, the Philippine Deposit Insurance Corporation (PDIC) honored 38 institutions in government and the private sector for being key partners in promoting the state deposit insurer’s mandates and advocacies. They were recognized during the PDIC’s first-ever Stakeholders’ Appreciation Night held at the Philippine International Convention Center on June 20, 2024.
The PDIC paid tribute to 16 partner-organizations that collaborated with the PDIC, through the years, to contribute to institutional strengthening, regional cooperation and benchmarking of global best practices; 13 partner-agencies that actively promoted the state deposit insurer’s advocacies and corporate social responsibility initiatives, and nine oversight agencies and government partners whose support was vital in the promotion of governance and the PDIC’s key public service initiatives.
In his keynote message, Bangko Sentral ng Pilipinas (BSP) Governor and PDIC Board Chairman Eli M. Remolona, Jr. highlighted the important role of collaboration and partnerships to a stable and sound banking system.
“The PDIC’s relationships have been crucial to the organization’s success. We work very closely together and try hard to maintain the stability and resilience of the Philippine banking system. Together, we are stronger in facing the challenges ahead,” the BSP Governor and PDIC Chairman said.
PDIC President and CEO Roberto B. Tan, on the other hand, expressed optimism for even more sustained partnerships with key financial safety net players, stakeholders and institutional partners in government and the private sector through strengthened coordination and communication.
“We will ensure that the trust you have given PDIC and which we have established and earned through time – through partnerships and collaboration — will endure and will redound to more benefit to the depositing public,” President Tan said.
Recognized institutions for their support to PDIC in fulfilling its mandates were the International Association of Deposit Insurers, US Federal Deposit Insurance Corporation, World Bank, Asian Development Bank, Department of Information and Communications Technology, Department of Trade and Industry, Supreme Court of the Philippines, Office of the Government Corporate Counsel, Philippine Judicial Academy, Cebu Bankers’ Club, Dabaw City Bankers Association, Inc., Pampanga Bankers Association, Municipal Government of Jones in Isabela, Municipal Government of San Agustin in Isabela, Municipal Government of San Juan in Southern Leyte, and the Chamber of Real Estate and Builders Associations, Inc.. Collaboration with these institutions resulted in institutional strengthening, regional cooperation, sharing of global best practices and experiences; and enhanced public awareness of the Corporation’s service programs.
The PDIC likewise honored the Bankers Association of the Philippines, Chamber of Thrift Banks, Rural Bankers Association of the Philippines, Bank Marketing Association of the Philippines, Government Service Insurance System, Social Security System, Komisyon sa Wikang Filipino, Philippine Information Agency, Philippine Commission on Women, Public Relations Society of the Philippines, Gawad Kalinga, City Government of Iloilo, and Junior Financial Executives – Polytechnic University of the Philippines for their significant contributions to the promotion of the state deposit insurer’s advocacies and social responsibility programs.
The Bangko Sentral ng Pilipinas, Department of Finance, Civil Service Commission, Commission on Audit, Governance Commission for GOCCs, Insurance Commission, Land Bank of the Philippines, Philippine Postal Corporation, and Securities and Exchange Commission were also honored for PDIC’s deep appreciation for their support, as government partners and oversight agencies, in enhancing the PDIC’s governance and public service delivery.
The Philippine Deposit Insurance Corporation (PDIC) was established on 22 June 1963 by Republic Act 3591 to protect depositors and help maintain stability in the financial system by providing deposit insurance, co-regulating banks with the Bangko Sentral ng Pilipinas (BSP), and liquidating closed banks.
PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.
