PDIC raises P34.5 million from public bidding in Cebu | SunStar

PDIC raises P34.5 million from public bidding in Cebu

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PDIC raises P34.5 million from public bidding in Cebu

Wednesday, January 03, 2018

Bidding. A public bidding of corporate and closed banks’ properties in the Visayas was held at the Bangko Sentral ng Pilipinas Cebu office. (Foto from the PDIC website)

THE Philippine Deposit Insurance Corp. (PDIC) generated P34.5 million from the sale of 18 corporate and closed banks’ properties during its public bidding held on Dec. 8 at the Bangko Sentral ng Pilipinas (BSP) - Cebu Regional Office.

The properties sold are located in Aklan, Antique, Bohol, Capiz, Cebu, Iloilo, Leyte, Negros Occidental, Negros Oriental and Surigao Del Sur.

Closed banks’ assets sold comprised of residential, commercial, and agricultural lots, and transportation equipment. Four residential lots located in Aklan and owned by PDIC were likewise disposed of. The bidding yielded an aggregate premium of P14.8 million based on the combined minimum disposal price of P19.7 million. (PR)

Published in the SunStar Cebu newspaper on January 04, 2018.

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