A total of eighty (80) properties owned by the closed banks due to bankruptcy nationwide, seven (7) of those in Palawan most of which are agricultural lots in the Municipality of Narra, Palawan, are set for public bidding on June 10, 2022, and sale via electronic-bidding (e-bidding) according to Philippine Deposit Insurance Corporation (PDIC).
Jose G. Villaret Vice President of Corporate Affairs Group, explains the role of PDIC whenever there is a closure of banks in the country, and they serve to protect the depositors and to help the bank pay its dues by means of public bidding and sale of properties owned by them.
“Magbigay ng proteksyon sa mga depositor na naglalagap ng kanilang pera sa banko…ito po ay nagbibigay din ng kumpiyansa sa publiko na maglagay ng kanilang pera sa banko,”
“Na kahit po may pangyayari na pagsasara ng mga banko na sinasagawa ng Banko Sentral ng Pilipinas (BSP)…mayroon po tayong garantiya ng hanggang ₱500,000.000 per deposito ay maibabalik,”
“Ang isa pang mandato ng PDIC ay ang pagiging liquidator ng mga saradong banko…kami rin po ang namamahala sa mga ari-arian sa mga liabilities ng mga nagsarang banko…by the time na the bank has been declared closed by the monitary board up to the time na ma-liquidate na po ang lahat-lahat doon na po natatapos ang role ng PDIC,”
The seven (7) properties available for public bidding are located in the Municipality of Narra, Palawan in Brgy. Malatgao, Bato-Bato, Princess Urduja, Taritien, Estrella Village, and Burirao were previously owned by Palawan Development Bank and Rural Bank of Narra which declared bankruptcy.
PDIC added, all bidders are required to submit an Affidavit of Aggregate Land Holdings, which states that the person’s aggregate landholdings-including properties to be acquired during the bidding must not exceed the five (5) hectare limit set by the law.
According to Section 6 of the Republic Act (RA), 6657 provides that the land owner may retain a portion not exceeding five (5) hectares and shall have the right to choose the area to be retained, which as far as practicable shall be compact and contiguous.
“Ang isang bibili ay gagawa ng affidavit…sasabihin niya wala siyang hold na five (5) hectares kasi po diba sa batas yong CARP Law…ang required lang for an individual to owned ay five (5) hectares,” PDIC CEO II Maria Nenita N. Gayla
“So for you to acquire another agricultural lot tapos yung form na po na iyan puwede niyo po i-download sa PDIC Website,” PDIC CEO II Maria Nenita N. Gayla
Interested individuals may submit their bids online through their website starting from 9:00 am on June 9 up to 1:00 pm on June 10, 2022, and a one-time registration is required which may be completed via the e-bidding portal according to PDIC.