The Philippine Deposit Insurance Corporation (PDIC)  recently announced the sale of a total of 51 closed banks’ and corporate assets including 10 vacant residential lots in Waterwood Park Subdivision, Barangay Pagala, Baliuag, Bulacan on an “as-is, where is” in a public bidding on March 19, 2020 at their office in Makati City.

Up for bid are 35 residential lots, 13 residential lots with improvement, two motor vehicles and a generator set. These assets are located in Metro Manila, Aurora, Bataan, Batangas, Bulacan, Iloilo, Laguna, Nueva Ecija, Pangasinan, Quezon, Tarlac and Zambales.

The state deposit insurance corporation puts the aggregate minimum disposal price of the assets at PhP61.5 million.

PDIC reminded interested bidders that sealed bids shall be accepted by their Real and Other Properties Acquired (ROPA) Disposal Committee from direct buyers only between 9:00 A.M. and 1:45 P.M. at the venue. Bids will be opened at 2:00 P.M.

The complete list of properties is posted in the PDIC Assets for Sale site,  For further details, interested bidders are requested to contact PDIC through their website,, or their Facebook page,

PDIC said in a statement that as liquidator of closed banks, it holds various asset disposal initiatives, such as biddings, auctions and negotiated sale, proceeds of which are added to the pool of liquid assets of the closed banks for distribution to uninsured depositors and other creditors.

“The disposal of these assets increases the chances of recovery of uninsured depositors and creditors of their trapped funds,” it said.  (Rommel F. Lopez)