PDIC Offers Closed Banks’ Assets for Sale via E-Bidding
Manila: The Philippine Deposit Insurance Corporation (PDIC) is set to auction 76 corporate and closed bank properties through an electronic public bidding process. These properties, scheduled to be sold on an as-is-where-is basis from May 28 to 29, include a variety of lots such as 25 vacant agricultural lots, 24 vacant residential lots, 13 residential lots with improvements, six mixed residential or agricultural lots with improvements, four agricultural lots with improvements, two mixed vacant residential or agricultural lots, and two commercial lots with improvements. According to Philippines News Agency, the properties range in size from 90 to 50,000 square meters