THE PHILIPPINE Deposit Insurance Corporation (PDIC) is holding a bidding on Feb. 6 at its Makati City office for 62 closed banks’ assets consisting of residential and commercial lots with a combined minimum disposal price of PhP 57.7 million. The properties, which will be sold on an “as-is, where is” basis, are located in Metro Manila, Batangas, Bulacan, Cavite, Laguna, Pangasinan, Rizal, Tarlac, and Iloilo. PDIC, in an announcement Friday, said bids will be accepted from direct buyers between 9:00 a.m. and 1:45 p.m. on Feb. 6. “Bidders are advised to physically inspect the properties they are interested to buy, examine and verify the titles and other evidence of ownership, and determine any unpaid taxes, fees, charges and/or expenses before submitting their bids,” PDIC said. The complete list of assets is posted in the PDIC Assets for Sale site, www.assetsforsale.pdic.gov.ph. PDIC is the liquidator of closed banks.

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