INTEREST RATES ON LOANS AND DISCOUNTS GRANTED
(For the period 7-11 January 2019)*
    Short-term  Medium-term  Long-term
  HIGH LOW HIGH LOW HIGH LOW  
LOCAL  BANKS:                            
1. Asia United Bank Corporation      30.0000          4.7500        25.0340          7.0000          8.5000          5.5000  
2. Bank of Commerce      14.0870  0.0000       18.1950        7.2500        8.0000        5.2500  
3. BDO Private Bank, Inc.        8.9900        8.9900  ..   ..   ..   ..   
4. East West Banking Corporation      11.2500        2.7500      17.4660        5.2500      16.4880        5.5000  
5. Al-Amanah Islamic Investment Bank of the Philippines        9.0000        3.0000  ..   ..   ..   ..   
6. Philippine Bank of Communications      37.4000        5.5000      37.4000        7.0000        9.5000        7.5000  
7. PhilTrust Bank        7.0000        5.5000        7.0000        6.5000  ..   ..   
8. Philippine Veterans Bank      12.9770        5.0000      21.2000        6.0000      20.3100      13.3900  
9. Robinsons Bank Corporation      54.0700   5.0000        49.1940   5.5730        18.3350   7.2500  
SUBSIDIARIES OF FOREIGN BANKS:                        
10. CTBC Bank (Philippines) Corporation      37.5400        4.5000      36.9800        6.2500        7.5000        6.5000  
11. Maybank Philippines Incorporated      17.2680        2.2500      27.7680        6.2880      15.0000        6.0000  
FOREIGN BANKS:                              
1. ANZ Banking Group Ltd        6.4000        5.8000  ..   ..         5.0490        5.0490  
2. Bangkok Bank Public Co Ltd        7.2500        5.8750  ..   ..   ..   ..   
3. Bank of America NT & SA        7.5000        7.4460  ..   ..   ..   ..   
4. The Bank of Tokyo-Mitsubishi UFJ Ltd        7.1000        6.2000  ..   ..   ..   ..   
5. JP Morgan Chase Bank, N.A        6.0880        6.0880  ..   ..   ..   ..   
6. Citibank, N.A.      37.9300        5.1970      27.8580      26.2710  ..   ..   
7. Deutsche Bank AG - Manila Branch        7.0400        5.5100  ..   ..   ..   ..   
8. Mizuho Bank Ltd - Manila Branch        7.3500        2.8400        3.8800        3.8800  ..   ..   
9. Hongkong & Shanghai Banking Corp      25.9900        4.6500      25.9900      14.2900  ..   ..   
10. Internationale Nederlanden Groep Bk (ING Bank)      10.9110        5.1000  ..   ..   ..   ..   
11. Mega International Commercial Bank        7.2500        5.7500        5.5000        5.5000  ..   ..   
12. KEB Hana Bank - Manila Branch  ..   ..   ..   ..   ..   ..   
13. Standard Chartered Bank        7.4100 4.6300  ..   ..   ..   ..   
14. Bank of China Ltd - Manila Branch  ..   ..   ..   ..   ..   ..   
15. Cathay United Bank Co. Ltd. - Manila Branch  ..   ..   ..   ..   ..   ..   
16. Sumitomo Mitsui Banking Corporation  - Manila Branch        6.6000        5.3500  ..   ..   ..   ..   
17. Shinhan Bank - Manila Branch  ..   ..   ..   ..   ..   ..   
18. Industrial Bank of Korea - Manila Branch  ..   ..         7.0500        7.0000        6.5000        6.5000  
19. United Overseas Bank Limited - Manila Branch        7.2190        7.2190  ..   ..   ..   ..   
20. First Commercial Bank, Ltd - Manila Branch  ..   ..   ..   ..   ..   ..   
21. Hua Nan Commercial Bank Ltd - Manila Branch  ..   ..   ..   ..   ..   ..   
22. Chang Hwa Commercial Bank Ltd - Manila Branch  ..   ..   ..   ..   ..   ..   
UBS:                              
1. BDO Unibank Inc.      36.7600        2.1420      43.6800        5.7500        8.8750        6.2500  
2. Bank of the Philippine Islands      18.0000        3.7500        9.7100        3.7500      14.4700        3.7500  
3. China Banking Corporation      11.0000        4.5000      10.0000        8.8750        9.1596        9.1596  
4. Development Bank of the Philippines      10.9000        2.2000      15.0000        8.0000        9.6400        4.0000  
5. Land Bank of the  Philippines      15.0000        2.3530      14.0000        6.5000      11.3500        5.5000  
6. Metropolitan Bank & Trust Company      10.5000        2.2500      10.6100        2.5000      10.4300        4.7500  
7. Philippine National Bank      13.0000        2.5020        7.2500        2.5020        7.4000        7.4000  
8. Rizal Comm'L Banking Corp      11.7500        1.2500      10.5000        8.0000        9.0000        8.1000  
9. Security Bank Corporation    116.4950        4.8500      39.3890        7.2000      18.1960        6.5000  
10. United Coconut Planters Bank        8.5000        4.7340  ..   ..   ..   ..   
11. Union Bank of the Philippines      12.0000          3.9000        16.7100          6.0000          8.8700          7.5000  
   
* Covers data for the week, which begins on Thursday of the previous week and ends on Wednesday of the reference week (3-9 January 2019)
  . .   No Transaction/No Quotation/No Issue  
  . . . Blank  
   
  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.