Background: Postal Bank

Background Information on Postal Bank in case you want to purchase one of their Acquired Assets

In 24 May 1906, the passage of Act No. 1493 created the Postal Savings Bank as a division of the Bureau of Posts. All post offices were considered and in fact operated as a division of Posts. Its operations tapped savings by bringing banking services to rural areas.

During the Japanese occupation period (1943-1944), all loans were liquidated with Japanese war notes. Coupled with severe inflation, said era caused a complete breakdown of the banking structure of the economy. These setbacks and other ravages of war which damaged about 70% of the records of the PSB crippled its operations.

To enable the economy to recover, Executive Order No.48 was issued on 6 June 1945 to pave way for the reopening of the pre-war banks.

However, it is only in 1946 that the PSB resumed service in Manila. Starting with only 15,737 savings deposits accounts with a total value of P4,104,223, the bank rapidly grew with deposits jumping to P14.4 million in 1947 (250% increase), P25 million in 1948 (74% increase), and P33 million in 1949 (32% increase). Moreover, as a result of thrift campaign conducted by the PSB, demand for savings banking services increased which opened up opportunities for the expansion banking facilities.

In 1960′s the private banking sector, especially the rural banks, rapidly grew while the operations of the PSB deteriorated due to the shift of its clients to private banks because of higher interest on savings deposits offered.

Nonetheless, the PSB was considered unduly competing with the private sector and was thus dissolved. In view of this, Pres. Ferdinand E. Marcos issued the Presidential Decree No. 121 dated 29 January 1973 mandating that : a) PSB branches shall not be established in places where banking services are already available; b) one year thereafter, existing PSB operations maintained in such places shall be completely discontinued; and c) within three years from the said date, all operations of the PSB shall be completely discontinued.

On January 1976, the PSB was finally phased out with the Philippine National Bank (PNB) serving as its liquidator pursuant to provisions of P.D. No. 241.

Among the powers granted to the Philippine Postal Corporation (Philpost) under Republic Act No. 7354 was the power to reopen or reactivate the Philippine Postal Savings Bank (PPSB).

On 24 August 1993, Postmaster General Eduardo P. Pilapil appointed Mr. Beatroz Alaan as Consultant for the reopening of the Postal Savings Bank.

On 05 October 1993, Postmaster General Pilapil requested the Bangko Sentral ng Pilipinas, through Deputy Governor Feliciano Miranda, Jr. for an authority to reopen the defunct Postal Savings Bank.

On 23 October 1993, the Philpost Board of Directors passed Resolution No. 93-119 approving PHILPOST 2000, the Medium Term Corporate Plan of the Philippine Postal Corporation (1994-2000). Among others, said corporate plan states, “Pursuant to the Macroeconomy and Development Financing Policy stipulated in the Medium-Term Philippine Development Plan 1993-1998 to “Develop the rural financial sector to ensure adequate supply of credit to the countryside,’ the PHILPOST shall re-establish the Postal Savings Bank as a subsidiary.

To facilitate the earliest possible re-opening of the PPSB, Postmaster General Eduardo P. Pilapil directed the conceptualization of the reactivated PSB’s thrust, priorities, programs and operational framework and the preparation of documents required by the Bangko Sentral ng Pilipinas (BSP) for the issuance of an authority to re-open the PSB in favor of Philpost.

On 21 July 1994, the Philippine Postal Savings Bank was re-opened by former Pres. Fidel Valdez Ramos in a simple ceremony held in Malacañang.

Contact information for acquired assets:

For further information & inquiries, pls. call telephone no. 527-0053 local 116 or 525-4654 and look for
GILLY DG. CAMILET

Click here if you wish to see Postal Bank Acquired Assets.

Postal Bank – Mindanao Properties

Postal Bank – Mindanao Properties
TCT NO/S LOCATION & IDENTIFICATION OF PROPERTY LAND DATA MIN. BID PRICE
- AREA / PROVINCE LAND AREA (sqm) TYPE PHP
PROVINCE OF DAVAO
T-44256 Brgy. Sirawan, Toril, Davao City 500 sq. m. Residential Lot 500,000.00

The ASSET MANAGEMENT COMMITTEE of the Philippine Postal Savings Bank, Inc. is inviting offers of purchase by way of sealed bids in cash and on “AS-IS-WHERE-IS” basis, the following properties.
For further information & inquiries, pls. call telephone no. 527-0053 local 116 or 525-4654  or cellphone no. 0922-8209885 and look for GILLY DG. CAMILET

Postal Bank – Visayas Properties

Postal Bank – Visayas Properties
TCT NO/S LOCATION & IDENTIFICATION OF PROPERTY LAND DATA MIN. BID PRICE
- AREA / PROVINCE LAND AREA (sqm) TYPE PHP
PROVINCE OF CAPIZ
T-56644/T56645/T56646 Baybay Roxas City Capiz 2000 sqm Residential 1,500,000.00
T-23827/T-12204 Calumangan, Bago City, Capiz 1,019 sqm Residential 2,198,000.00
PROVINCE OF CEBU
156201 156202 Cebu Ridgedale Subd., Talamban Cebu City 514 sq. m Residential 2,210,000.00
PROVINCE OF ILOILO
T-90045 T-77598 Greenworld/Guzman-Rizal, Manduriao, Ioilo City 572 sq. m. Residential 4,613,000.00
T-177233 Brgy., Capuling, Duenas, Iloilo .1500 sq. m. Residential 330,000.00
PROVINCE OF LEYTE
T-54727 Brgy. 95, Caibaan, Tacloban City 1,000 sq. m. Residential 2,200,000.00
T-65015 41 Int. Brgy. 56, Sagcahan, Tacloban City 500 sq. m. House & Lot 1,460,000.00
PROVINCE OF SAMAR
T-13433 Brgy San Juan Sta Rita Samar 1,915 sqm Residential Lot 144,000.00

The ASSET MANAGEMENT COMMITTEE of the Philippine Postal Savings Bank, Inc. is inviting offers of purchase by way of sealed bids in cash and on “AS-IS-WHERE-IS” basis, the following properties.
For further information & inquiries, pls. call telephone no. 527-0053 local 116 or 525-4654 and look or cellphone no. 0922-8209885 for GILLY DG. CAMILET

Postal Bank – Metro Manila Properties

Postal Bank – Metro Manila Properties
TCT NO/S LOCATION & IDENTIFICATION OF PROPERTY LAND DATA MIN. BID PRICE
- AREA / PROVINCE LAND AREA (sqm) TYPE PHP
METRO MANILA
N-208384 Bagong Lipunan, Cubao 76 sq. m. Residential 875,000.00
41975 Fort Bonifacio, Taguig City 441 sq. m Residential 3,154,095.00
127516 Lot 13, Blk. 7, Patio Homes, Sucat, Muntinlupa 141 sq. m. House & Lot 2,156,000.00

The ASSET MANAGEMENT COMMITTEE of the Philippine Postal Savings Bank, Inc. is inviting offers of purchase by way of sealed bids in cash and on “AS-IS-WHERE-IS” basis, the following properties.

For further information & inquiries, pls. call telephone no. 527-0053 local 116 or 525-4654 and look or cellphone no. 0922-8209885 for GILLY DG. CAMILET

Postal Bank – Luzon Properties

Postal Bank – Luzon Properties
TCT NO/S LOCATION & IDENTIFICATION OF PROPERTY LAND DATA MIN. BID PRICE
- AREA / PROVINCE LAND AREA (sqm) TYPE PHP
PROVINCE OF ALBAY
T-130827 Sitio Macael, Brgy. Pandan, Ligao City, Albay 20,088 sq. m Agriland 402,000.00
PROVINCE OF BATAAN
T-252324 T-252325 T-252326 Sitio Parca, Barangay Camaya Mariveles, Bataan 65,126 sq.m. . Residential/ Subdivision 15,436,899.99
PROVINCE OF BATANGAS
TP-3726 Sitio Intina, Brgy. Putol, Tuy Batangas 50,000 sq.m. Agriland 5,000,000.00
T-152547-54 Brgy. Imelda, San Juan, Batangas 3,961 sq.m Vacant Lot. 3.920,000.00
PROVINCE OF BULACAN
T-137122 T-137123 Brgy. Bulihan, Malolos, Bulacan 3,750 sq. m. Residential/ Subdivision 6,245,000.00
PROVINCE OF CAGAYAN
T-7982 Angang, Tuao, Cagayan 2,248.50sq.m. House & Lot 135,000.00
T-79823 Angang, Tuao, Cagayan 2,249 sq, House & Lot 242,000.00
T-8030 Piat, Cagayan 1,750 sq. m. Residential 245,000.00
PROVINCE OF LAGUNA
T-58516-19 Barangays San Ignacio and San Sto. Niño, San Pablo City 17,746 sq. m Residential w/ Improvements 23,295,000.00
PROVINCE OF PALAWAN
165024 Brgy San Manuel Puerto Princesa City Palawan 1,561 sqm Residential 468,000.00
PROVINCE OF PAMPANGA
T-122342 Barangay Sapang Bato, Angeles City Pampanga 85,000 sq.m. Agriland 5,100,000.00
T-7638-R.P. Brgy. San Nicolas, Masantol, Pampanga 1,813 sq. m. Agriland 544,000.00
PROVINCE OF PANGASINAN
T-265204 Poblacion, Mapandan, Pangasinan 8,436 sq. m. House & Lot 7,097,000.00
265272 Salvante, Urbiztondo, Pangasinan 12,271sq.m.. Agriland 1,332,000.00
265318 Brgy. Suaco, Mangatarem Pangasinan 2,044 sq. m. House & Lot 581,000.00
257390 Brgy. Guivel, San Jacinto Pangasinan 42,595 sq. m Agriland 852,000.00
25091 Brgy. Alos, Alaminos City Pangasinan 3,410 sq. m.. Residential 290,000.00
265319 Torre II, San Carlos, Pangasinan 300 sq. m. Residential 270,000.00
34845 Brgy. Quintong, San Carlos City Pangasinan 407 sq. m. House & Lot 526,000.00
293839 Brgy. Baracbac, Mangatarem Pangasinan 588 sq. m. House & Lot 627,000.00
PROVINCE OF QUEZON
T-367813-6 Brgy. San Andres, Candelaria Quezon 73,982 sq.m. Residential 4,431,000.00
PROVINCE OF TARLAC
371400 #22 Mc. Arthur Hi-Way, Brgy. Sto. Domingo, Capas, Tarlac 2,075 sq. m.. House & Lot 11,413,000.00
PROVINCE OF ZAMBALES
T-64322 Brgy. Road, Barrio Tampo, Purok 7 Botolan, Zambales 341 sq. m.. House & Lot 765,484.99

The ASSET MANAGEMENT COMMITTEE of the Philippine Postal Savings Bank, Inc. is inviting offers of purchase by way of sealed bids in cash and on “AS-IS-WHERE-IS” basis, the following properties.
For further information & inquiries, pls. call telephone no. 527-0053 local 116 or 525-4654 and look or cellphone no. 0922-8209885 for GILLY DG. CAMILET