Friday 19 July
PDIC looking for contractor to renovate Makati headquarters Jul 15, 2018 @ 14:54

PDIC sets new auction for P41M properties


This state insurer is unrelenting.

The Philippine Deposit Insurance Corporation (PDIC) is unstoppable in terms of raising fresh funding to settle the dues of closed banks.

In a statement, the PDIC announced a new public bidding scheduled on July 31, where they plan to dispose 58 assets taken from closed banks.

The properties are cumulatively worth P41 million, so PDIC wants to sell them with a premium to get more funding.

“The disposal of these assets increases the chances of recovery of uninsured depositors and creditors of their trapped funds,” the PDIC said.

The bids will be received at the PDIC’s office in Makati City.

Please follow and like us:

Tags: , ,

Related Stories
It's a good way to start the month.
Cars and homes are up for grabs!
Another problem bank bites the dust.
The insurer is free to proceed with the asset sale after this bank closure.


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.