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Manila Bulletin devider Business devider Banking & Finance devider PDIC asset sales surge 25% in 2024 on strong acquired, closed-bank property disposal

PDIC asset sales surge 25% in 2024 on strong acquired, closed-bank property disposal

Published Jun 4, 2025 12:25 pm

At A Glance

  • State-run Philippine Deposit Insurance Corp. (PDIC) has raked in a total of ₱411.4 million from the sale of 281 closed-bank properties in 2024, a 24.7-percent increase from the ₱300-million sales in the previous year.
State-run Philippine Deposit Insurance Corp. (PDIC) has raked in a total of ₱411.4 million from the sale of 281 closed-bank properties in 2024, a 24.7-percent increase from the ₱300-million sales in the previous year.
According to PDIC, this improvement is reflective of its “effective asset disposal strategies.”
Out of the 281 properties sold, 71 were assets acquired by PDIC, and the remaining 210 belonged to closed banks.
Of the total sales, ₱194.9 million was raised through public biddings to ensure more competitive pricing.
Unsold assets from public biddings were offered through negotiated sale. As such, the remaining ₱216.4 million was generated from negotiated sales as an alternative method of asset disposal.
Although the number of assets sold in 2024 remained the same as in the previous year at 281, the total value exceeded the minimum bid price of ₱398.3 million by ₱13.1 million, or 3.3-percent higher.
Proceeds from the sale of closed bank assets are held in trust by PDIC and used to pay the claims of closed bank creditors, including depositors with uninsured funds.
Meanwhile, proceeds from the sale of corporate assets contribute to the Deposit Insurance Fund (DIF), which serves as the main source for paying deposit insurance claims.
The Bangko Sentral ng Pilipinas (BSP)-attached insurer said that it remains committed to improving its asset disposal programs “through innovative disposal strategies to attract more buyers, process streamlining to ensure efficiency and ease of transactions.”
It added that other strategies to optimize property values and maximize recoveries include “vigorous” marketing efforts such as buyer segmentation and profiling, partnership with the Home Development Mutual Fund (Pag-IBIG), virtual tours for interested bidders, and an improved property search engine on the PDIC assets for sale microsite.
“With these measures, the corporation aims to further increase asset sales, improve financial recoveries, and support the stability of the financial system by helping ensure funds are plowed back to the economy by way of investments and/or savings,” PDIC said.

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Philippine Deposit Insurance Corp. (PDIC)
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