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PDIC to auction P32.9M Visayas assets including three Cebu lots

By: University of San Carlos Intern Steffi Kyle Nolido November 24,2017 - 10:10 PM

TWO residential lots and a commercial property in Cebu with a total land area of 3,421 sq.m. are among the P32.9 million worth of assets to be auctioned by the Philippine Deposit Insurance Corp. (PDIC) at the Bangko Sentral ng Pilipinas Office in Cebu on December 8.

These assets, which are up for disposal, are made up of 52 agricultural, commercial and residential lots and five motor vehicles from the different provinces in the Visayas.

“Specifically, in Cebu, we have one lot, two lots with buildings and one car that’s up for bidding,” said Ma. Jozzene Carandang, assistant department manager of PDIC’s Asset Management and Disposable Department.

The Cebu lots up for disposal are a 1,136-sq.m. residential lot in Barangay Cogon, Pardo, Cebu City; a 1,050-sq.m. residential lot in Barangay Pulpogan, Consolacion town, in northern Cebu; and a 235-sq.m. lot in Barangay Subangdaku in Mandaue City. The lots had an estimated value of P14.3 million.

The other lots to be auctioned are located in Abra, Aklan, Antique, Bohol, Capiz, Guimaras, Iloilo, Leyte, Negros Occidental, Negros Oriental, Southern Leyte and Surigao del Sur.

Some of these assets are from the Community Rural Bank of Dalaguete Inc., Philippine Countryside Rural Bank (Cebu), Inc., and the Rural Bank of Subangdaku Inc.

“The proceeds will go to the funds of the bank that PDIC is managing for the benefit of the creditors of the bank that closed,” she added.

According to Jose Villaret Jr., vice president of corporate affairs of PDIC, said that he is happy to have the bidding in Cebu.

“We were happy that we have this opportunity kasi kawawa din yung creditors sa mga closed banks na ito, nag aantay sila ng payment nila (We are happy to have this opportunity because some creditors of the closed banks are still waiting for their payment),” he explained.

Villaret also advised the public to know their banks and their charges.

He also encouraged the public to also keep note of their transactions with their banks because these would help them to avoid being involved in bank closures.

The properties will be bid out on an “as-is, where-is” basis where the winning bidder will receive the property on whatever condition it exists. It shall also include the winning bidder’s assumption of all unpaid taxes, fees and/or expenses.

Sealed bids shall be accepted by the PDIC Real and Other Properties Acquired (ROPA) Committee from direct buyers only between 9 a.m. and 2 p.m. while bids will be opened starting at 2 p.m. on December 8.

Bid Documents as well as the complete list of the properties are available on PDIC’s website:

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TAGS: assets, auction, including, PDIC, Visayas

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