PDIC raises P4 million from public bidding

THE Philippine Deposit Insurance Corp. (PDIC) generated P4 million from the sale of 18 corporate and closed banks’ properties at its public bidding held last March 15 in San Fernando City, Pampanga.

The bidding yielded an aggregate premium of P0.53 million against the aggregate minimum disposal price of P3.5 million. Sold assets consisted of 16 residential lots, a commercial lot and an agricultural lot located in Abra, Bulacan, La Union, Pangasinan and Tarlac.

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