Maximum Deposit Insurance for Each Depositor Php500,000
Home  •  Site Map  •  Contact Us  •  PDIC Mail  •  FAQs

PDIC to sell P263.6-M worth of assets in public bidding on Oct. 25

The Philippine Deposit Insurance Corporation is set to sell on “as-is, where-is” basis 78 real properties with a combined minimum disposal value of P263.57 million in a public bidding on October 25, 2011 at the PDIC Training Room, 9/F SSS Bldg., Ayala Avenue, Makati City.

Up for bidding are 69 PDIC-owned assets composed of residential, commercial and industrial properties and nine closed bank assets. Properties are located in Albay, Batangas, Bulacan, Cagayan, Cebu, Davao del Sur, Davao Oriental, Iloilo, Isabela, Laguna, Leyte, Metro Manila, Misamis Oriental, Negros Oriental, Nueva Ecija, Palawan, Pangasinan, Quezon, Rizal and South Cotabato.

The list of assets and their descriptions can be accessed at the PDIC website,, or can be requested from the ROPA Management Department (RMD) at 841-4671 (Attention: Mr. Polo Pantaleon, Jr.).

Bids will be received from 9:00 a.m. to 2:00 p.m. There shall be no extension for the submission of bids. Bidders are advised to come earlier to allow for registration. PDIC will accept sealed bids from direct buyers only.

Before submitting their bids, prospective buyers are advised to physically inspect the properties they are interested to buy, assess and verify the land titles and other related documents; and determine unpaid taxes, fees or expenses. All bids must be accompanied by a bond or deposit equivalent to at least 10% of the submitted bid. This can be in the form of either Cash or Manager’s Check or Cashier’s Check, or a combination thereof. Buyers have seven (7) working days to pay the balance.

PDIC personnel may accompany prospective buyers to properties located in Metro Manila. For properties located in the provinces, PDIC has posted “For Sale” signs in public and strategic areas within the localities. In addition to property descriptions, vicinity maps and lot plans are also available to interested buyers through the PDIC website.

Bid documents such as bid forms, Conditions of Bid, and acceptable format for Special Power of Attorney and Secretary’s Certificate may be downloaded from the PDIC website.


PDIC is a government instrumentality created in
1963 by virtue of Republic Act 3591, as amended,
to insure the deposits of all banks. PDIC exists to
protect depositors by providing permanent and
continuing deposit insurance coverage for the
depositing public and help promote financial
This website is best viewed using Internet Explorer 11
Questions? Need Help? Click Frequently Asked Questions Or contact: Tel. No.: (632) 841-4630/(632) 841-4631
(for Metro Manila depositors)
Fax No.: (632) 817-3566
Depositors outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or