INTEREST RATES ON LOANS AND DISCOUNTS GRANTED
(For the period 13 - 17 June 2016)*
    Short-term Medium-term Long-term
  HIGH LOW HIGH LOW HIGH LOW  
LOCAL BANKS:                    
1. Asia United Bank Corporation 13.0170   1.8000   18.0000   4.8750   18.0000   5.0000  
2. Bank of Commerce 14.0980 3.9200 20.4960 5.2500 6.8800 5.2500  
3. BDO Private Bank, Inc. 4.7400 4.7400  
4. East West Banking Corp 18.0000 2.0000 21.2000 5.0000 17.9400 5.7500  
5. Al-Amanah Islamic Inv Bnk of the Ph .. .. .. .. .. ..  
6. Phil Bank of Communications 17.2800 3.0000 36.4000 8.2500 6.0000 5.9000  
7. Phil Trust Company  
8. Philippine Veterans Bank 20.2880 8.0000 21.4570 11.0000 20.3100 4.5000  
9. Robinsons Bank Corporation 52.0450   0.0000   52.0250   0.0000   17.5160   0.0000  
SUBSIDIARIES OF FOREIGN BANKS:                        
10. Chinatrust (Phils) Cbc 37.4500   2.7500   36.9800   11.0000   5.7500   5.7500  
11. Maybank Philippines Inc 19.4040   2.2500   26.9150   5.5000   13.0430   5.2500  
FOREIGN BANKS:            
1. ANZ Banking Group Ltd 4.7500   2.5000          
2. Bangkok Bank Public Co Ltd 5.7500 2.5000  
3. Bank of America N.A. 4.7000 4.5000  
4. The Bnk of Tokyo-Mitsubishi Ufj Ltd 7.0000 2.8300  
5. JP Morgan Chase Bank National Assn. 7.5000 7.5000 7.5000 7.5000  
6. Citibank, N.A. 36.9640 2.5700 27.1860 26.6390  
7. Deutsche Bank Ag 5.5000 2.8000  
8. Mizuho Corporate Bank Ltd 3.5000 0.7500 1.6300 1.6300  
9. Hongkong & Shanghai Banking Corp 26.0000 2.4000 26.0000 3.4870 6.7500 6.4900  
10. Internationale Nederlanden Groep Bk (Ing Bank) .. .. .. .. .. ..  
11. Mega Int'L Comm'L Bank Co Ltd 6.5000 4.0000  
12. Korea Exchange Bank  
13. Standard Chartered Bank 16.2160 1.1820 31.5010 9.7300  
14. Bank of China Limited 6.9242 3.3750  
15. Cathay United Bank Co. Ltd. - Manila Branch .. .. .. .. .. ..  
16. Sumitomo Mitsui Banking Corporation - Manila Branch .. .. .. .. .. ..  
17. Shinhan Bank - Manila Branch 7.5000 1.8000  
18. Industrial Bank of Korea - Manila Branch ..   ..   ..   ..   ..   ..  
UBS:            
1. BDO Unibank Inc 26.6300 1.0430 40.8850 2.4000 6.5000 4.5000  
2. Bank of the Phil Islands 7.7500 1.6000 6.5000 4.7500 6.5000 2.8760  
3. China Banking Corp 10.7500 1.7500 9.0000 5.0000 4.2500 4.2500  
4. Development Bank of the Phil 11.0000 0.3800 15.8080 5.0000 7.0000 4.2500  
5. Land Bank of the Philippines 15.0000 2.7500 14.0000 5.0000 9.5000 4.0000  
6. Metropolitan Bank & TCO 12.0000 1.5000 10.7800 1.9860 10.5300 2.5000  
7. Phil National Bank 26.4110 2.5000 10.0000 3.0000 6.0000 3.2500  
8. Rizal Comm'L Banking Corp 11.5000 2.0000 9.5000 5.0000  
9. Security Bank Corp 97.4700 2.5000 39.5280 2.5000 17.2120 5.2500  
10. United Coconut Planters Bank 12.3400 3.7480 5.0000 5.0000  
11. Union Bank of the Phils 18.0000   2.9500   18.1200   6.5000   12.0000   5.0000  
   
* Covers data for the week which begins on Thursday of the current week and ends on Wednesday of the following week (9 - 15 June 2016)  
  . . 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.