This performance demonstrated a 261.4% appreciation in asset valuation compared to the P91.3 million book value and a 30% increase in real property sales from the previous year, the state agency said in a statement.
Predominantly, these sales involved residential, agricultural, and commercial lots across Central and South Luzon and South Cotabato.
PDIC said its transition to electronic public bidding has streamlined the process, broadening buyer reach and enhancing transparency in the liquidation of assets from closed banks and corporate portfolios.
This strategic move significantly contributed to the Deposit Insurance Fund, supporting the settlement of deposit insurance claims, it explained.
