The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Solicitor General (OSG) entered into a Memorandum of Agreement (MOA) 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 signed the MOA in simple ceremonies held at the OSG Building in Makati City on August 7, 2025.
This Agreement represents more than just institutional cooperation – it is a commitment to upholding justice, protecting depositors, and preserving public trust in our financial system. With this Agreement, the PDIC and the OSG have established a clear framework for coordinated action in criminal cases elevated before the Court of Appeals or the Supreme Court, ensuring the accountability of those entrusted with the hard-earned money of our depositors.
Additionally, the OSG is expected to extend other legal services as may be required by the PDIC and to create an OSG Task Force to ensure better coordination and efficient handling of referred cases.
PDIC President Tan said that the agreement is a milestone in the shared commitment of both agencies “to uphold justice and integrity in public trust and the financial system.”
Solicitor General Berberabe stressed that the OSG is “committed to providing help and assistance” not only with the criminal cases but also in preventing litigation.
As a government instrumentality, the PDIC has the authority to file criminal cases to safeguard the interests of the depositing public and maintain confidence in the banking system against illegal schemes and machinations punishable under the Revised Penal Code.
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.
The PDIC is an attached agency to the Bangko Sentral ng Pilipinas, and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.
PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.
