MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) announced it will publicly auction 73 properties from closed banks through electronic bidding scheduled from July 23 to 24, 2025.

According to PDIC, the properties—ranging in size from 71 to 142,905 square meters—are located across Metro Manila and various provinces including Aklan, Albay, Bohol, Camarines Sur, Iloilo, Isabela, Laguna, Lanao del Norte, Negros Oriental, Pangasinan, Rizal, and Tarlac.

Assets up for bidding include 20 vacant agricultural lots, 20 residential lots with improvements, 19 vacant residential lots, five mixed vacant residential/agricultural lots, four mixed residential/agricultural lots with improvements, two agricultural lots with improvements, one commercial lot with improvements, one vacant commercial lot, and one mixed commercial/residential lot with improvements.

Electronic bids can be submitted via the PDIC e-bidding portal (https://assetsforsale.pdic.gov.ph) beginning at 9:00 AM on July 23 until 1:00 PM on July 24. Bids will be opened at 2:00 PM on the final day.

PDIC urged interested buyers to register on the portal and review the full list of properties, bidding requirements, and terms. It also reminded bidders to conduct due diligence before submitting offers.

Winning bidders of agricultural lands must submit a certification from the Department of Agrarian Reform confirming the property is not covered by agrarian reform laws, as well as an affidavit declaring their total landholdings do not exceed the legal limit of five hectares.

The PDIC sells assets of closed banks to help settle claims of creditors and depositors with uninsured deposits.

For inquiries, buyers may contact the PDIC Public Assistance Department via hotline (02) 8841-4141, toll-free at 1-800-1-888-7342, or email pad@pdic.gov.ph. Updates are also available on the PDIC’s official website and social media pages.