PDIC Asset Sales Hit PHP411M in 2024, Up 25%
The Philippine Deposit Insurance Corporation (PDIC) reported a significant rise in its asset disposal performance for 2024, with total sales reaching PHP411.4 million from 281 properties sold, marking a 24.7 percent increase from the PHP330 million recorded in 2023. The boost in proceeds reflects the PDIC’s refined asset disposal strategy, which includes a mix of

By Staff Writer
The Philippine Deposit Insurance Corporation (PDIC) reported a significant rise in its asset disposal performance for 2024, with total sales reaching PHP411.4 million from 281 properties sold, marking a 24.7 percent increase from the PHP330 million recorded in 2023.
The boost in proceeds reflects the PDIC’s refined asset disposal strategy, which includes a mix of public bidding and negotiated sales to attract more buyers and maximize property values.
Of the total PHP411.4 million generated, PHP194.9 million came from public biddings, while PHP216.4 million was raised through negotiated sales—a key alternative method when properties remain unsold during auctions.
While the total number of assets sold remained at 281 in both 2023 and 2024, the increase in overall value shows improved pricing outcomes and better buyer engagement.
Notably, the 2024 asset sales exceeded the aggregate minimum bid price of PHP398.3 million by PHP13.1 million, or 3.3 percent, highlighting the PDIC’s success in securing higher-than-expected offers.
Among the properties sold, 71 were PDIC-acquired assets, while the remaining 210 belonged to closed banks under liquidation.
“The success of our 2024 asset sales affirms the effectiveness of our strategic disposal mechanisms and the growing market confidence in PDIC-managed assets,” the agency said in a statement.
Proceeds from the sale of closed bank assets are held in trust by the PDIC and are used to settle creditor claims, including depositors with uninsured balances.
Funds from the sale of PDIC’s own corporate assets, meanwhile, contribute directly to the Deposit Insurance Fund (DIF), the primary reserve for paying insured deposit claims.
The PDIC emphasized that these sales not only aid in reimbursing depositors but also help recirculate funds into the economy through investment and savings.
To sustain momentum, the agency has implemented various reforms, such as process streamlining, virtual property tours, profiling of potential buyers, and partnerships with institutions like Pag-IBIG Fund to enhance property financing accessibility.
Additionally, the PDIC upgraded its online property search engine and continues to promote its Assets for Sale microsite to broaden market reach.
“These innovations are designed to ensure ease of transaction, boost investor confidence, and generate optimal recoveries for the benefit of depositors and the financial system,” the PDIC said.
As the government’s statutory deposit insurer, the PDIC plays a vital role in maintaining public trust in the banking sector and supporting economic stability through timely asset recovery and efficient fund distribution.
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