PDIC to auction off P254M bank assets


The Philippine Deposit Insurance Corp. (PDIC) will auction off 130 assets of closed banks, valued at P253.9 million.

The assets will be sold on “as-is, where-is” basis.

To be auctioned on Feb 26, 2015 at Unit 80, 8th Floor, Landco-PDCP Condominium Building, Pryce Business Park, J.P. Laurel Davao City, Davao Del Sur are 115 properties, consisting of condominium units, parking slots and other real property.

The auction will be conducted from 9 a.m. to 2 p.m. Properties for auction are located in Davao del Sur, Davao del Norte, Cagayan de Oro City, Compostella Valley, General Santos City, and Camiguin.

Meanwhile, for auction on March 5, 2015 on the 9th Floor, SSS Building 6782 Ayala Ave. corner V. A. Rufino St., Makati City are 12 transportation equipment and three generator sets. The auction will be held from 2 p.m. to 5. p.m.

The PDIC said the winning bidder is required to submit a downpayment equivalent to 10 percent of the bid on the day of the auction. The participation fee of the winning bidder will form part of the downpayment and purchase price.


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