Philippine National Bank Corporate Website

Auctions

The Bank’s acquired assets are also offered thru public auctions that are held nationwide. In these auctions, any person eligible to purchase real properties under Philippine laws may bid for properties offered at huge discounts.

PNB referrors and accredited licensed real estate brokers are welcome to represent their clients during the auctions.

Tips Before the Auction:

1.	Check auction flyers and advertisements in major national and local newspapers for more details.
2.	If you are interested in one of the PNB’s properties, please contact our Regional Asset Management Centers (RAMCs) and/or our Customer Service Desk for more information attel. nos. (02) 526-3131 & 891-6040 locals 4115, 4713, and 4539, (0917) 507-8385 or e-mail at amscustomerservice@pnb.com.ph.
3.	We recommend that you inspect the property of interest before the auction event, as properties are sold on an “as is where is” basis. Coordinate with our AMS Sales Account Officers on the schedule of your visit.
4.	Prepare Php25,000.00 as show money. Special Power of Attorney is required for buyer’s representative.

What To Do During the Auction:

1.	Register at the Registration Desk. Brokers or representatives are also requested to register. Read the Auction Rules and Conditions and fill out forms.
2.	Submit accomplished forms at Bidder Number Desk, a PNB representative shall check the forms for completeness.
3.	Deposit the Php25,000.00 showmoney to the teller at the Deposit Money Desk. Sign the Acknowledgement Receipt and ask for a copy. The teller will keep the original copy.
4.	You will be given a bidder number. The name of the participant shall be written in the Bidder number list.
5.	Review the list of properties to be auctioned. Wait and relax until the auction is officially opened.

PLACE

DATE

2010 Auction Schedules:

Cabanatuan City	- September 9, 2010
National Capital Region	- August 26, 2010
Bacolod City	- August 5, 2010
Cagayan De Oro	- June 24, 2010

2009 Auction Schedules:

Dipolog City	- April 2, 2009
Dagupan City	- June 25, 2009
Makati City	- June 27, 2009
Subastahan sa Festival	- July 25, 2009
Cabanatuan City	- August 20, 2009
Tacloban City	- September 03, 2009
Davao City	- September 17, 2009

2008 Auction Schedules:

Bacolod City	- March 11, 2008
Tuguegarao City	- April 10, 2008
Cebu City	- April 29, 2008
Davao City	- May 15, 2008
Roxas City	- May 29, 2008
Baguio City	- June 26, 2008
Cagayan de Oro City	- July 15, 2008
Gen. Santos City	- September 18, 2008
Santiago City	- October 16, 2008
Batangas City	- October 29, 2008

(click on place for venue and property listing)

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