THE Philippine Deposit Insurance Corp. (PDIC) generated P171.9 million in total sales from 124 corporate and closed bank assets sold as of the first semester of the year as part of its asset disposal initiatives.
Total sales from the conduct of public biddings and negotiated sales exceeded the properties’ aggregate minimum disposal price of P156.2 million by 10.1 percent or P15.7 million.
The number of properties sold was also 33.3 percent more than the 93 properties sold during the same period in 2022. Asset sales comprised 102 residential lots, 15 agricultural lots, six commercial lots and one mixed residential/agricultural lot.
Of the total, 109 were owned by closed banks while 15 were acquired assets of the PDIC.
The properties were located in Metro Manila, Central Luzon, North Luzon, South Luzon, Bicol Region, Davao Region, Southern Visayas and Northeastern Mindanao. (PR)