PDIC to auction off 73 assets of closed banks

The Philippine Deposit Insurance Corp. (PDIC) will sell 73 properties of closed banks through electronic public bidding on July 23 to 24. The properties are in Metro Manila, Aklan, Albay, Bohol, Camarines Sur, Iloilo, Isabela, Laguna, Lanao del Norte, Negros Oriental, Pangasinan, Rizal and Tarlac. The catalog of properties for auction is available in the e-bidding portal. The auction will include 20 vacant agricultural lots, 20 residential lots with improvements, 19 vacant residential lots, five mixed vacant residential or agricultural lots, four mixed residential or agricultural lots with improvements, two agricultural lots with improvements, one commercial lot with improvements, one vacant commercial lot, and one mixed commercial or residential lot with improvements. Interested parties may register in the PDIC’s e-bidding portal at http://assetsforsale.pdic.gov.ph/Account/Register. Instructions for the e-bidding process will also be available at the auction portal. —PNA