PDIC to Publicly Bid Out 73 Closed Bank Properties from July 23 to 24

The Philippine Deposit Insurance Corporation (PDIC) will sell 73 closed bank properties through electronic public bidding (e-bidding). Electronic bids will be accepted through the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9:00 AM on July 23, 2025, until 1:00 PM on July 24, 2025, and will be opened at 2:00 PM on July 24, 2025.

​To be sold on an as-is-where-is basis are 20 vacant agricultural lots, 20 residential lots with improvements, 19 vacant residential lots, five (5) mixed vacant residential/agricultural lots, four (4) mixed residential/agricultural lots with improvements, two (2) agricultural lots with improvements, one (1) commercial lot with improvements, one vacant commercial lot, and one (1) mixed commercial/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.

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 enjoined to conduct their due diligence on the properties by reviewing and understanding the terms and conditions outlined by the PDIC. Further, prospective buyers are likewise reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.

Winning bidders of agricultural properties are required to submit, within fifteen (15) days after the e-bidding, a Certification issued by the Provincial Agrarian Reform Officer (PARO) 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 (CARP) 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/ies to be acquired during the bidding, do not exceed the five-hectare limit set by law. The prescribed format for the Certification and Affidavit can be obtained from the Download Center of the e-bidding portal, https://assetsforsale.pdic.gov.ph.

Participants bidding on behalf of another individual or an organization can download the Pro-forma Special Power of Attorney and Secretary's Certificate, respectively, from the e bidding portal.

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. 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.

For more information on the e-bidding, interested buyers within Metro Manila may call the PDIC Public Assistance Department at (02) 8841-4141 during office hours. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888-PDIC or 1-800-1-888 7342, also during office hours. Inquiries may also be sent via e-mail at [email protected] or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).

The Philippine Deposit Insurance Corporation (PDIC) was established on 22 June 1963 by Republic Act 3591 to protect depositors and help maintain stability in the financial system.

The PDIC is an attached agency of the Bangko Sentral ng Pilipinas and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.