Concurring Opinion re PSBank TRO: “bank secrecy remains the general rule.”

Here is the concurring opinion of the Supreme Court re G.R. No. 200238 – PHILIPPINE SAVINGS BANK and PASCUAL M. GARCIA III, as representative of Philippine Savings Bank and his personal capacity, Petitioners, v. SENATE IMPEACHMENT COURT

The view expressed that the majority’s TRO is “a mockery of all existing laws designed to insure transparency and good governance in public service”[27] is likewise not well taken. This view declares that “the majority ruling advises all government officials and employees that they can legally evade reporting their actual assets in their Statement of Assets, Liabilities, and Net Worth x x x by simply opening foreign currency deposit accounts with local banks.”[28]

The majority makes no such ruling in granting the TRO. The question the Court has resolved for now is whether the facts and the law justify the issuance of a TRO. The object of a TRO, as earlier mentioned, is to simply maintain the status quo. The TRO, to be sure, is not a ruling encouraging public officials to use foreign deposits to legally evade the correct SALN report. To so claim is to extend the import of TRO beyond its clear objective to maintain the status quo.

In light of these considerations, I reiterate my vote for the grant of the petitioner’s prayer for the issuance of the TRO.

G.R. No. 200238 – Concurring Opinion Re PSBank TRO

Source: concurring opinion from Supreme Court

Noemi Lardizabal-Dado is a social media practitioner with over 9 years experience in blogging, citizen advocacy and online media publishing. Otherwise known as @MomBlogger on social media, she believes in making a difference in the lives of her children by advocating social change for social good. She is the editor of Blog Watch ( and the features editor of the Philippine Online Chronicles (, a platform for alternative viewpoints and a synthesizer of ideas. She writes about good governance, transparency, parenting, women’s rights and wellness, and digital citizenship . She also blogs at her personal blogs : (parenting) , (recipes), (gadgets) and (lifestyle).


Organization affiliation includes Scrap Pork Network. Family friends with Senators Pia Cayetano and Senator Alan P. Cayetano. I am not voting for VIce-Presidential candidate Bongbong Marcos because he has not acknowledged the atrocities done under his father’s rule.

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