INTEREST RATES ON LOANS AND DISCOUNTS GRANTED
(For the period December 30, 2019 - January 3, 2020)*
    Short-term  Medium-term  Long-term
  HIGH LOW HIGH LOW HIGH LOW  
LOCAL  BANKS:                            
1. Asia United Bank Corporation 30.0000 3.0000 28.3680 6.0000 12.0000 6.0610  
2. Bank of Commerce 18.2871 3.7000 19.1195 6.7500 6.7500 6.7500  
3. BDO Private Bank, Inc. 6.0308 6.0000 .. .. .. ..  
4. East West Banking Corp 10.5600 2.7500 16.4810 6.2500 17.4150 7.0000  
5. Al-Amanah Islamic Inv Bnk of the Ph 4.5000 3.0000 .. .. .. ..  
6. Phil Bank of Communications 37.4000 2.0000 42.0000 10.1200 9.5000 6.0000  
7. Phil Trust Company 10.0000 6.5000 4.2500 3.2500 .. ..  
8. Philippine Veterans Bank 10.1680 7.2740 23.1870 10.0000 21.7910 6.7500  
9. Robinsons Bank Corporation 28.9450 3.2500 50.0270 6.2500 18.5320 6.7500  
SUBSIDIARIES OF FOREIGN BANKS:                        
10. Chinatrust (Phils) Cbc 9.0000 0.0000 37.5400 7.6250 7.7500 2.2500  
11. Maybank Philippines Inc 9.7250 1.7500 25.4400 6.0960 14.6640 6.2500  
FOREIGN BANKS:                        
1. ANZ Banking Group Ltd 4.5500 4.0000 .. .. .. ..  
2. Bangkok Bank Public Co Ltd 6.7500 4.9750 .. .. .. ..  
3. Bank of America N.A. .. .. .. .. .. ..  
4. The Bnk of Tokyo-Mitsubishi Ufj Ltd 5.9000 4.1300 5.0500 4.4000 .. ..  
5. JP Morgan Chase Bank National Assn. .. .. .. .. .. ..  
6. Citibank, N.A. 32.1940 4.4720 25.6660 25.6660 .. ..  
7. Deutsche Bank Ag 6.3100 3.6500 .. .. .. ..  
8. Mizuho Corporate Bank Ltd 5.5000 3.6500 4.3500 4.3500 .. ..  
9. Hongkong & Shanghai Banking Corp 25.9900 4.4500 21.9900 14.2900 .. ..  
10. Internationale Nederlanden Groep Bk (Ing Bank) 4.3000 4.3000 .. .. .. ..  
11. Mega Int'L Comm'L Bank Co Ltd 5.2500 5.2500 .. .. .. ..  
12. KEB Hana Bank - Manila Branch .. .. .. .. .. ..  
13. Standard Chartered Bank 5.9300 3.9430 .. .. .. ..  
14. Bank of China Limited .. .. .. .. .. ..  
15. Cathay United Bank Co. Ltd. - Manila Branch .. .. .. .. .. ..  
16. Sumitomo Mitsui Banking Corporation  - Manila Branch 4.2500 4.0000 .. .. .. ..  
17. Shinhan Bank - Manila Branch .. .. .. .. .. ..  
18. Industrial Bank of Korea - Manila Branch .. .. .. .. .. ..  
19. United Overseas Bank Limited - Manila Branch 5.0500 5.0500 .. .. .. ..  
20. First Commercial Bank, Ltd - Manila Branch .. .. .. .. .. ..  
21. Hua Nan Commercial Bank Ltd - Manila Branch .. .. .. .. .. ..  
22. Chang Hwa Commercial Bank Ltd - Manila Branch .. .. .. .. .. ..  
23. CIMB Bank Philippines 36.0000 30.0000 36.0000 30.0000 .. ..  
UBS:                        
1. BDO Unibank Inc 42.0000   3.0000   43.6800   4.7500   18.6810   4.5000  
2. Bank of the Phil Islands 18.0000 1.1500 35.2800 3.8500 11.7890 3.6200  
3. China Banking Corp 42.0000 0.0000 13.8040 4.4560 8.2500 5.2500  
4. Development Bank of the Phil 8.0000 0.9550 15.0000 6.5000 7.0000 3.0000  
5. Land Bank of the  Philippines 15.0000 1.0000 14.0000 2.0000 12.0000 3.7710  
6. Metropolitan Bank & TCO 10.0000 1.5000 11.7300 2.2500 9.4700 4.7500  
7. Phil National Bank 13.0000 2.5000 19.3950 4.4950 9.5000 5.0590  
8. Rizal Comm'L Banking Corp 12.6300 2.2600 9.0000 8.0000 9.0000 6.1500  
9. Security Bank Corp 107.3590 1.3000 39.5280 6.7500 18.5030 5.2920  
10. United Coconut Planters Bank 25.5950 0.0000 35.0900 0.0000 9.5000 5.7500  
11. Union Bank of the Phils 42.0000 5.0000 10.4300 7.2500 8.2500 6.0600  
* Covers data for the week which begins on Thursday of the current week and ends on Wednesday of the following week (December 26, 2019 - January 1, 2020)
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  Notes:                        
  1. Interest rates above refer to actual rate charged or paid for the use of money, expressed as an annual percentage of the principal.  
  2. Short-term interest rates refer to interest rates charged on loan contracts or debt instruments with maturity period of one year and below; 
  medium-term interest rates on loan contracts or debt instruments with maturity period of more than one year to five years; and long-term  
   interest rates on loan contracts or debt instruments with maturity period of more than five years.  
  3. Some banks charge lower interest rates on medium and long-term loans compared to short-term loans because the former are secured   
  by collaterals.