PDIC opens e-bidding for prime assets

Prospective investors and asset buyers will be able to bid on an inventory of prime corporate and closed-bank properties when the Philippine Deposit Insurance Corp. opens an electronic public bidding event on April 22–23, 2026.

The assets will be offered on an “as-is, where-is” basis through the PDIC e-bidding portal.

Interested buyers may submit bids at the portal beginning 9 a.m. on April 22, 2026, until 1 p.m. on April 23, 2026.

All bids will be formally opened at 2 p.m. on April 23, 2026.

PDIC said the disposal program gives buyers access to commercial, industrial, residential and agricultural properties through what it described as a transparent and fully digital bidding platform.

The state deposit insurer said prospective buyers will be able to compete over the two-day window for properties in established and growth-driven locations.

Among the featured properties is a vacant commercial lot in Kidapawan City, North Cotabato, which PDIC said has strong development potential.

Also on offer is a commercial lot with improvements in Kalibo, Aklan, which the agency described as being within a dynamic business and lifestyle district.

An industrial lot with improvements in General Santos City, South Cotabato, is also part of the inventory.

Beyond those headline properties, PDIC said the portfolio includes 25 agricultural lots, 19 residential lots and three mixed residential-agricultural lots.

The agency said the land sizes range from 100 square meters to 10.5 hectares.

That range, PDIC said, allows flexibility for investment strategies that may include immediate operational use, redevelopment, long-term land banking and portfolio expansion.

The properties are located in Aklan, Antique, Bohol, Capiz, Guimaras, Iloilo, Cebu, Negros Oriental, Southern Leyte, North Cotabato, South Cotabato, Agusan del Norte, Agusan del Sur, Surigao City and Surigao del Sur.

PDIC said the complete list of properties, along with detailed descriptions and the bidding requirements, procedures and conditions, is available on its e-bidding portal.

Prospective buyers are required to complete a one-time registration through the portal to join this bidding event and future PDIC e-bidding activities.

The corporation urged bidders to conduct due diligence on properties they are interested in to verify actual condition, status, ownership and other circumstances before submitting bids.

It also reminded interested parties to read the Conditions of Bid posted on the e-bidding portal.

For agricultural properties, winning bidders must submit a certification from the Provincial Agrarian Reform Officer of the Department of Agrarian Reform in the province where the property is located, along with an Affidavit of Aggregate Landholdings, within 15 days after the e-bidding.

PDIC said the PARO certification must confirm that the agricultural lot is not covered by the Comprehensive Agrarian Reform Program and that no Emancipation Patent or Certificate of Land Ownership Award has been issued for the property.

The affidavit, meanwhile, must state that the winning buyer’s collective landholdings, including the property or properties acquired during the bidding, do not exceed the five-hectare ceiling allowed by law.

PDIC said the prescribed formats for the certification and affidavit may be downloaded for free from the Download Center of the e-bidding portal.

Participants bidding on behalf of another individual or an organization may also download the pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the same portal at no cost.

As statutory receiver, PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay the claims of closed-bank creditors, including depositors with uninsured deposits.

The agency said proceeds from the sale of closed bank-owned properties go directly to a fund it manages for closed banks to settle creditors’ claims.

Revenues from the sale of corporate assets, meanwhile, are added to the Deposit Insurance Fund, which serves as the funding source for valid deposit insurance claims.

The e-bidding program forms part of PDIC’s broader mandate to manage the orderly resolution of failed banks while preserving asset value and supporting creditor recovery.

For more information, interested buyers within Metro Manila may contact the PDIC Public Assistance Department at (02) 8841-4141 during office hours.

Those outside Metro Manila may call the toll-free hotline at 1-800-1-888-PDIC or 1-800-1888-7342 during office hours.

Inquiries may also be sent through e-mail at pad@pdic.gov.ph or via private message on PDIC’s Assets for Sale Facebook page, @PDICAssetsforSale, or PDIC’s official Facebook page, @OfficialPDIC.