Friday July 20, 2018

PDIC raises P34.5 million from public bidding in Cebu

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)