Written by Ed Velasco
Wednesday, 15 August 2012 00:00 [ tribune.net.ph ]
The Philippine Deposit
Insurance Corp. (PDIC) has generated P55.6 million from successfully selling 64
corporate and closed bank properties in Davao City during its bidding in the
city last Aug. 1.
Sixty-one properties
were sold outright during the bidding while three properties were sold via
negotiated sale.
The 61 properties were
sold during the public bidding in Davao City for P55.17 million, representing a
premium of four percent or P2.15 million compared to the minimum disposal price
(MDP) of P53.02 million.
Meanwhile, offers to buy
three properties with a combined MDP of P375,000 were accepted after the
bidding.
These were sold for the
total offer price of about P406,000 or a premium of eight percent from the MDP.
The properties for
bidding consisted of 71 PDIC corporate real properties and 59 real properties
of the closed All Asia Bank Corp. (AABC).
Collectively, the
properties had an MDP of almost P243.89 million.
The PDIC is planning to
conduct other public biddings of corporate and closed banks’ assets before the
year ends.
These initiatives of
PDIC are in line with the corporation’s roadmap to 2016 to expedite the
disposal/liquidation of non-financial assets and maximize recoveries.
Aura Calbario, deputy
director of corporate affairs office, said schedule of the next bidding is
either next month or in October.
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