PDIC earns P162 million after disposal of assets in H1

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The story "PDIC earns P162 million after disposal of assets in H1" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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PDIC earns P162 million after disposal of assets in H1 - Business Mirror

Quick Summary:

DAVAO CITY—The Philippine Deposit Insurance Corp.(PDIC) announced having generated P162 million in the first half from the sale of disposed assets of closed banks and those acquired by PDIC.

The assets sold in the January-July period comprised 141 residential lots, four agricultural lots, three commercial lots, and three mixed residential and agricultural lots.

During the same period last year, the PDIC was only able to sell 124 properties.