State-run Philippine Deposit Insurance Corp. (PDIC) said it is selling through electronic public bidding (e-bidding) 52 agricultural, residential and
State-run Philippine Deposit Insurance Corp. said it is selling through electronic public bidding 52 agricultural, residential and mixed-use lots.
It said of these properties, three vacant agricultural lots, one vacant residential lot and two mixed-use lots would be sold together. One agricultural lot and one residential lot, both with improvements, are also bundled for sale. PDIC said interested buyers can browse through the catalog of properties on the e-bidding portal which has the complete list and description of the properties, requirements, e-bidding process and bid conditions.
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.
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