PDIC to sell 73 closed bank properties in July 

The Philippine Deposit Insurance Corporation (PDIC) will sell 73 closed bank properties through electronic public bidding (e-bidding) on July 23 to 24, 2025, according to a report by Philippine News Agency.

In a statement Friday, PDIC said to be sold are 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.

Ranging from 71 square meters to 142,905 square meters, the properties are in Metro Manila, Aklan, Albay, Bohol, Camarines Sur, Iloilo, Isabela, Laguna, Lanao del Norte, Negros Oriental, Pangasinan, Rizal and Tarlac.

PDIC said electronic bids will be accepted through its e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9 a.m. on July 23 until 1 p.m. on July 24, and will be opened at 2 p.m. on July 24.

Prospective parties can join the e-bidding through a one-time registration on the portal at http://assetsforsale.pdic.gov.ph/Account/Register.

Once registered, buyers may submit their bids online and observe the e-bidding proceedings by clicking the “Assets for Sale” icon on the PDIC website's homepage at www.pdic.gov.ph.

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 the bid are posted.

Prospective bidders are also urged to conduct their due diligence on the properties by reviewing and understanding the terms and conditions outlined by the PDIC.

They are also reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.

PDIC said winning bidders of agricultural properties are required to submit, within 15 days after the e-bidding, a certification issued by the Provincial Agrarian Reform Officer 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 and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property.

Winning bidders 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 to be acquired during the bidding, do not exceed the five-hectare limit set by law.

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.