The Market Monitor Minding the Nation's Business
The Philippine Deposit Insurance Corporation (PDIC) will put several real properties and transportation equipment up for sale through electronic public bidding (e-bidding) later this month.
In a statement last week, PDIC said bids will be accepted through its e-bidding portal (https://assetsforsale.pdic.gov.ph) starting 9 a.m. on Oct. 29, 2025 until 1 p.m. on Oct. 30, 2025. Submitted bids will be opened at 2 p.m. on Oct. 30.
Assets for sale include 34 vacant agricultural lots, 15 vacant residential lots, eight residential lots with improvements, three agricultural lots with improvements, two commercial lots with improvements, two mixed-use residential/agricultural lots with improvements, one mixed-use commercial/residential lot with improvements, one mixed-use vacant residential/agricultural lot, one agricultural lot, two vehicles, and a generator set.
These properties are located across several provinces, including Aklan, Apayao, Batangas, Bohol, Camarines Sur, Capiz, Cavite, Cebu, Ilocos Norte, Isabela, La Union, Laguna, Leyte, Occidental Mindoro, Misamis Oriental, Negros Oriental, Pangasinan, Sultan Kudarat, Tarlac, and Zamboanga del Norte. The vehicles and generator set are in Barcenaga, Naujan, Oriental Mindoro.
Interested buyers may register once at the e-bidding portal or through the “Assets for Sale” icon on PDIC’s official website (www.pdic.gov.ph). Registered participants can then submit their bids online.
PDIC encouraged prospective bidders to check the property catalog on the e-bidding portal, which contains the complete list, descriptions, requirements, and terms of sale. Buyers are also advised to conduct due diligence to verify the condition, ownership, and status of the assets.
As receiver of closed banks, PDIC liquidates their remaining assets to help settle creditors’ claims, including uninsured deposits. Proceeds from the sale of closed bank-owned properties go to the fund managed for closed banks, while revenues from corporate assets are added to the Deposit Insurance Fund, which pays valid deposit insurance claims.