INTEREST RATES ON LOANS AND DISCOUNTS GRANTED
(For the period  16 - 20 May 2016)*
    Short-term  Medium-term  Long-term
  HIGH LOW HIGH LOW HIGH LOW  
LOCAL  BANKS:                            
1. Asia United Bank Corporation      13.0170          2.6000        18.0000          5.9500        10.2500          6.0300  
2. Bank of Commerce      14.0980        2.5000      19.1200        8.6770        6.2500        5.2500  
3. BDO Private Bank, Inc.        4.7500        4.7500              
4. East West Banking Corp      12.0000        1.7500      21.4600        5.0000      17.9800        4.5000  
5. Al-Amanah Islamic Inv Bnk of the Ph                    
6. Phil Bank of Communications      28.4000        3.5000      36.4000        7.0000        7.0000        5.5000  
7. Phil Trust Company  
8. Philippine Veterans Bank      20.2880        7.0250      21.4570        7.5000      20.3100        7.0000  
9. Robinsons Bank Corporation      52.0520          3.2500        52.0990          6.2500        28.8760   0.0000  
SUBSIDIARIES OF FOREIGN BANKS:                        
10. Chinatrust (Phils) Cbc      37.4500          2.0000        36.9800        11.0000          5.7500          5.7500  
11. Maybank Philippines Inc      24.5160          2.0000        27.5760          6.0000        12.3120          5.2500  
FOREIGN BANKS:                              
1. ANZ Banking Group Ltd        4.8000          2.5000                      
2. Bangkok Bank Public Co Ltd        5.7500        2.5000              
3. Bank of America N.A.        5.0980        5.0000              
4. The Bnk of Tokyo-Mitsubishi Ufj Ltd        3.6000        2.6500              
5. JP Morgan Chase Bank National Assn.                    
6. Citibank, N.A.      37.5700        2.5000      27.6710      25.1240        
7. Deutsche Bank Ag        5.5000        4.2000              
8. Mizuho Corporate Bank Ltd        3.1000        0.8700              
9. Hongkong & Shanghai Banking Corp      26.0000        2.3500      36.0000        3.3260        6.2500        4.9900  
10. Internationale Nederlanden Groep Bk (Ing Bank)                    
11. Mega Int'L Comm'L Bank Co Ltd        7.5000        4.0000              
12. Korea Exchange Bank                    
13. Standard Chartered Bank      16.2160        1.1820      25.5870        9.7300        
14. Bank of China Limited                    
15. Cathay United Bank Co. Ltd. - Manila Branch        3.0000        3.0000              
16. Sumitomo Mitsui Banking Corporation  - Manila Branch        1.5670        0.9100              
17. Shinhan Bank - Manila Branch        5.4410        5.4410              
18. Industrial Bank of Korea - Manila Branch                              
UBS:                              
1. BDO Unibank Inc      41.7160        1.5130      26.5800        2.5000        5.5000        2.5000  
2. Bank of the Phil Islands        9.5000        1.7500        6.8930        3.1500        6.0000        2.9000  
3. China Banking Corp      10.5000        3.0000        5.0000        4.5150        6.6207        6.6207  
4. Development Bank of the Phil      10.0000        0.2800      15.8080        5.7500        9.0000        3.5000  
5. Land Bank of the  Philippines      15.0000        2.7500      14.0000        4.0000        9.5000        2.7500  
6. Metropolitan Bank & TCO      12.0000        1.5000      11.2100        1.9800      10.5300        2.5000  
7. Phil National Bank      26.4110        2.5000      10.0000        3.2320        7.0000        3.2500  
8. Rizal Comm'L Banking Corp      11.5000        2.5000        8.0000        5.0000        9.0000        3.5000  
9. Security Bank Corp    102.5010        2.7500      38.8470        3.0000      18.1970        5.0000  
10. United Coconut Planters Bank        7.9420        3.7900        7.5000        7.5000        
11. Union Bank of the Phils      18.0000          2.9000        18.0000          6.5000        12.0000          6.0000  
   
* Covers data for the week which begins on Thursday of the current week and ends on Wednesday of the following week ( 12 - 18 May 2016)  
  n.t.  no transaction  
   
  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.