What happened
PDIC entered into separate Memorandums of Understanding (MOUs) with the Association of German Banks (AGB)–Deposit Protection Fund (DPF) and the Compensation Scheme of German Banks (CSGB) to deepen bilateral cooperation.
Who signed
PDIC president and CEO Roberto B. Tan signed on behalf of the Philippines. Germany’s side was represented by AGB executive board member and DPF head Dr. Hilmar Zettler, and CSGB managing director Dr. Martin Boegl.
Where and when
The signing coincided with the 2025 International Association of Deposit Insurers (IADI) Annual Conference held in Lisbon, Portugal in November 2025.
PDIC and the German schemes have long worked closely as active IADI members.
Why it matters
Deposit insurance is a frontline safeguard for depositors and a stabilizer for financial systems.
Cross-border cooperation can speed up learning on supervision-linked risks, crisis response, and public confidence measures—especially as banking risks and standards become more interconnected.
What’s in the MOUs
The agreements set a framework for sharing knowledge and experience on:
They also allow exchanges on implementing international standards and guidance on deposit insurance issues.
What’s next
The MOUs provide for joint activities such as research projects, senior-level study visits, and working groups supporting capacity-building initiatives—including trainings and technical exchanges. The agreements may be extended for another five years upon written mutual consent.
Context PDIC has similar partnerships with peers in multiple jurisdictions—including Germany, Indonesia, Japan, Kazakhstan, Malaysia, Mongolia, Russia, South Korea, Thailand, the U.K., the U.S., Vietnam—aimed at aligning Philippine practice with global standards. —Ed: Corrie S. Narisma
