Philippine News Agency
PDIC, closed banks' assets up for sale
The Philippine Deposit Insurance Corporation (PDIC) is auctioning 76 corporate and closed bank properties valued at ₱137.9 million through an online public bidding.
The sale aims to generate funds to settle claims from creditors against these assets.
Prospective buyers can submit electronic bids through the PDIC's e-bidding portal from May 28 to May 29, 2025.
The properties are being sold on an 'as-is-where-is' basis.
The inventory includes 25 vacant agricultural lots, 24 vacant residential lots, 13 residential lots with improvements, and other types of lots such as commercial, with some having existing improvements.
Properties are located in Aklan, Albay, Bataan, Batangas, Bohol, Camarines Norte, Camarines Sur, Cavite, Cebu, Iloilo, Isabela, La Union, Laguna, Palawan, Misamis Oriental, Nueva Ecija, Quezon, Rizal, Tarlac, and Zamboanga del Sur.
Palawan has the highest value of properties for sale, totaling ₱31.9 million for 10 lots, primarily agricultural.
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