By Julito G. Rada | Feb. 23, 2015 at
11:01pm [ manilastandardtoday.com ]
State-run Philippine Deposit Insurance
Corp. said it raised P349 million from the sale of corporate and closed banks’
real properties in 2014.
PDIC said in a statement Monday the
number of properties sold last year reached 304. These included 283 assets of closed banks
which were sold for P236 million and 21 properties under corporate assets which
generated P113 million.
“Properties sold through public
bidding amounted to P142 million while P205 million were sold via negotiated
sale as allowed under PDIC’s disposal policy,” the agency said.
The properties sold were from various
locations in Metro Manila and the provinces of Albay, Baguio, Batangas,
Bulacan, Cagayan, Cavite, Ilocos Norte, Laguna, Nueva Ecija, Pampanga,
Pangasinan, Quezon, Rizal, Samar, Tarlac, Aklan, Camarines Norte, Camarines
Sur, Cebu,
Negros Occidental, Negros Oriental,
Sorsogon, South Cotabato and Lanao del Norte.
PDIC said it also generated P25
million from the sale of transportation and furniture, fixtures and equipment
of closed banks.
“Proceeds from disposal of closed
banks’ assets are held in trust for closed banks. As liquidator of closed
banks, the PDIC is mandated to dispose and resolve the assets of closed banks
and convert these to cash to settle claims of creditors as well as depositors
with uninsured deposits, subject to the rules on concurrence and preference of
credits,” it said.
Meanwhile, it said proceeds from the
disposal of corporate assets were added to the Deposit Insurance Fund, the
funding source for payment of deposit insurance claims.
PDIC is mandated to prudently manage
and continuously build up the DIF to ensure it is able to respond to insurance
calls in case of bank closures.
PDIC said it regularly conducted
public biddings nationwide which were announced through its website as well as
in national newspapers.
Assets not sold during public biddings
are disposed through negotiated sale and other modes of asset disposal.
PDIC said this year, it would sell on
an “as-is, where-is” basis various assets of closed banks with an aggregate
minimum disposal value of P253.9 million in separate public auctions to be held
in Davao and Makati City.
The first public auction this year
would be held on Feb. 26 at Unit 80, 8th Floor, Landco-PDCP Condominium
Building, Pryce Business Park, J.P. Laurel in Davao City.
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