INTEREST RATES ON LOANS AND DISCOUNTS GRANTED
(For the period 11 - 15 July 2016)*
    Short-term Medium-term Long-term
  HIGH LOW HIGH LOW HIGH LOW  
LOCAL BANKS:                    
1. Asia United Bank Corporation 13.0170   2.6000   14.5030   5.7060   10.2500   5.0000  
2. Bank of Commerce 18.9510 2.5000 10.0580 7.0000 7.0000 5.2500  
3. BDO Private Bank, Inc. 4.7400 4.7400 .. .. .. ..  
4. East West Banking Corp 24.2800 2.5000 26.5800 4.0000 17.9800 4.5000  
5. Al-Amanah Islamic Inv Bnk of the Ph .. .. .. .. .. ..  
6. Phil Bank of Communications 17.2800 3.7500 37.4000 7.0000 .. ..  
7. Phil Trust Company 7.0000 2.5000 6.0000 3.5000 .. ..  
8. Philippine Veterans Bank 21.2000 6.5000 21.4570 12.0000 7.5000 7.0000  
9. Robinsons Bank Corporation 52.0400   2.9000   52.0060   0.0000   17.2810   0.0000  
SUBSIDIARIES OF FOREIGN BANKS:                        
10. Chinatrust (Phils) Cbc  
11. Maybank Philippines Inc 25.2360   2.0000   26.8440   6.0000   13.1640   5.2500  
FOREIGN BANKS:            
1. ANZ Banking Group Ltd 4.5800   2.5000   .. .. .. ..  
2. Bangkok Bank Public Co Ltd 5.7500 2.4500 .. .. .. ..  
3. Bank of America N.A. .. .. .. .. .. ..  
4. The Bnk of Tokyo-Mitsubishi Ufj Ltd 3.3000 2.8300 .. .. .. ..  
5. JP Morgan Chase Bank National Assn. .. .. .. .. .. ..  
6. Citibank, N.A. 32.8160 2.8500 27.5820 27.5820 .. ..  
7. Deutsche Bank Ag 5.5000 4.6500 .. .. .. ..  
8. Mizuho Corporate Bank Ltd 3.5400 0.8000 .. .. .. ..  
9. Hongkong & Shanghai Banking Corp 19.0000 2.9000 26.0000 3.4700 4.9900 4.9900  
10. Internationale Nederlanden Groep Bk (Ing Bank) .. .. .. .. .. ..  
11. Mega Int'L Comm'L Bank Co Ltd 5.0000 2.7500 .. .. .. ..  
12. Korea Exchange Bank  
13. Standard Chartered Bank 10.0110 1.1820 30.5620 15.0050 .. ..  
14. Bank of China Limited 6.0000 5.9758 .. .. .. ..  
15. Cathay United Bank Co. Ltd. - Manila Branch .. .. .. .. .. ..  
16. Sumitomo Mitsui Banking Corporation - Manila Branch 2.9000 2.9000 .. .. .. ..  
17. Shinhan Bank - Manila Branch .. .. .. .. .. ..  
18. Industrial Bank of Korea - Manila Branch 4.6000   4.6000   .. .. .. ..  
UBS:            
1. BDO Unibank Inc 40.0480 1.4870 40.9100 2.8500 6.6210 3.0000  
2. Bank of the Phil Islands 7.5000 2.0000 4.7370 4.7370 6.2500 5.0000  
3. China Banking Corp 10.7500 2.5500 6.0000 5.0000 6.6207 6.6207  
4. Development Bank of the Phil 10.0000 2.3800 15.8080 3.6000 8.0000 4.2500  
5. Land Bank of the Philippines 15.0000 2.5000 14.0000 4.0000 10.0000 4.0000  
6. Metropolitan Bank & TCO 12.0000 1.5000 10.5200 1.1000 10.5300 2.0120  
7. Phil National Bank 26.4110 2.5000 10.0000 3.0000 7.0000 3.2500  
8. Rizal Comm'L Banking Corp 11.0000 2.5000 8.2500 5.0000 9.0000 6.6210  
9. Security Bank Corp 71.7120 2.5000 38.8460 3.5000 18.1970 3.5000  
10. United Coconut Planters Bank 7.4540 3.0590 .. .. 6.6500 6.6500  
11. Union Bank of the Phils 18.0000   2.9000   18.0000   6.5000   12.0000   4.7500  
   
* Covers data for the week which begins on Thursday of the current week and ends on Wednesday of the following week (7 - 13 July 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.