The Philippine Deposit Insurance Corporation (PDIC) announced that it will sell 97 corporate and closed bank properties through electronic public bidding (e-bidding). Bids will be accepted through the PDIC e-bidding portal at https://assetsforsale.pdic.gov.ph, starting at 9:00 AM on August 27, 2025, until 1:00 PM on August 28, 2025, and will be opened at 2:00 PM on August 28, 2025.
To be sold on an as-is-where-is basis are 31 vacant residential lots, 25 residential lots with improvements, 24 vacant agricultural lots, five (5) agricultural lots with improvements, five (5) memorial lots, three (3) mixed residential/agricultural lots with improvements, two (2) mixed vacant residential/agricultural lots, and two (2) commercial lots with improvements. With lot area reaching up to 11 hectares, the properties are located in Aklan, Bataan, Batangas, Cavite, Ilocos Sur, Iloilo, Isabela, Laguna, Lanao del Norte, Leyte, Negros Occidental, Negros Oriental, Nueva Ecija, Palawan, Pampanga, Pangasinan, Rizal, Romblon, Tarlac, and Zambales.
Prospective buyers can join the e-bidding through a one-time registration on the portal at https://assetsforsale.pdic.gov.ph/Account/Register. They may also access the portal by clicking the “Assets for Sale” icon in the PDIC website’s homepage at www.pdic.gov.ph. Once registered, buyers may proceed to submit their bids online.
Interested buyers are encouraged to visit the catalog of properties in the e-bidding portal, where the complete list and description of the properties, requirements, e-bidding process, and conditions of bid are posted. Prospective bidders are enjoined to conduct their due diligence on the properties, i.e., determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire. Likewise, the PDIC reminds interested parties to read carefully the e-bidding terms and conditions outlined by the PDIC.
Winning bidders of agricultural properties are required to submit, within fifteen (15) days after the e-bidding, a Certification issued by the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform where the property is located stating that the agricultural lot subject of the bid is not covered by the Comprehensive Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property. They are also required to submit an Affidavit of Aggregate Landholdings within the same period, which states that the person’s collective landholdings, including the property/ies to be acquired during the bidding, do not exceed the five-hectare limit set by law. The prescribed format for the Certification and Affidavit can be obtained for free from the Download Center of the e-bidding portal, https://assetsforsale.pdic.gov.ph.
Participants bidding on behalf of another individual or an organization can also download for free the Pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the e-bidding portal.
As the statutory receiver of closed banks, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims. Meanwhile, revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.
For more information on the e-bidding, interested buyers within Metro Manila may call the PDIC Public Assistance Department at (02) 8841-4141 during office hours. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888-PDIC or 1-800-1-888-7342, also during office hours. Inquiries may also be sent via e-mail at pad@pdic.gov.ph or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC). (PDIC)
