Philippine Deposit Insurance Corporation (PDIC) President Roberto B. Tan recently spearheaded the launch of the PDIC Assets for Sale microsite before real estate brokers in Davao city. The site, http://assetsforsale.pdic.gov.ph, providesaccess to the catalogue of properties that PDIC is disposing of through public bidding, or negotiated sale. The site presents PDIC’s extensive list of properties for disposal either through public bidding or negotiated sale, and contains information on the procedures to buy these properties. “Today’s briefing for real estate brokers is part of our campaign to make the public aware of opportunities to participate in the sale of properties foreclosed by failed banks and those acquired by the corporation,” said Tan. The management of assets of closed banks is part of PDIC’s mandate as receiver, and liquidator of closed banks.
