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Thursday, August 21, 2025

PDIC to auction closed bank assets

State-run Philippine Deposit Insurance Corp. (PDIC) said Tuesday it will auction 76 corporate and closed bank properties through an electronic public bidding (e-bidding) from May 28 to 29, 2025.

Bids will be accepted online via the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, from 9 a.m. on May 28 until 1 p.m. on May 29, 2025. The opening of bids is scheduled for 2 p.m. on May 29.

The properties, to be sold on an “as-is-where-is” basis, include 25 vacant agricultural lots, 24 vacant residential lots, 13 residential lots with improvements, six mixed residential/agricultural lots with improvements, four agricultural lots with improvements, two mixed vacant residential/agricultural lots and two commercial lots with improvements.

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