​IloIlo Land

 

INTEREST RATES ON LOANS AND DISCOUNTS GRANTED

(For the period  29 December 2014 - 2 January 2015)*

 

                                    

                                    SHORT TERM                          MEDIUM-TERM                          LONG-TERM   

LOCAL  BANKS:                             LOW             HIGH            LOW         HIGH         LOW           HIGH

1.Asia United Bank Corporation      10.5000        2.3750      11.1920         6.0000      18.0000        6.0000 

2.Bank of Commerce                        9.0000        3.9140       18.0550         9.2750       7.0000        6.2500 

3.BDO Private Bank, Inc.                  5.0200        5.0200         

4.East West Banking Corp               15.3610       2.9500       9.2500          5.3750        7.2500         3.3910 

5.Al-Amanah Islamic Inv Bnk of the     2.970       2.9700         

6.Phil Bank of Communications        35.9000      4.5000     35.9000          3.0000       7.0000       5.9000 

7.Phil Trust Company             

8.Philippine Veterans Bank               21.0000     21.0000       5.5000         5.5000 

9.Robinsons Bank Corporation         36.0000        3.8000      15.3860       9.6640      17.5360        6.7500 

SUBSIDIARIES OF FOREIGN BANKS:            

10.Chinatrust (Phils) Cbc                    7.2500        3.9500      36.9800      17.2500       

11.Maybank Philippines Inc               27.4190        1.7500      26.8440        6.2500      12.5760        6.0000 

FOREIGN BANKS:                  

1.ANZ Banking Group Ltd                   4.5000        1.0621             

2.Bangkok Bank Public Co Ltd             

3.Bank of America N.A.                       2.9530       2.9500         

4.The Bnk of Tokyo-Mitsubishi Ufj Lt   2.6000       2.6000         

5.JP Morgan Chase Bank National

Assn.                                                    5.3540       5.3540         

6.Citibank, N.A.                                    5.1330       3.0000         8.0530       8.0530 

7.Deutsche Bank Ag                            6.5000       5.6500         

8.Mizuho Corporate Bank Ltd              3.3500       0.5700         

9.Hongkong & Shanghai Banking Co  9.0000       3.0000     19.0000       6.5000     

10.Internationale Nederlanden Groep Bk (Ing Bank)             

11.Mega Int'L Comm'L Bank Co Ltd    6.0000       4.0000         

12.Korea Exchange Bank             

13.Standard Chartered Bank             

14.Bank of China Limited                  

UBS:                  

1.BDO Unibank Inc                              26.6300       1.8800     40.8910       3.3300       9.5000       4.1500 

2.Bank of the Phil Islands                      8.5000       1.5000       6.2000       3.8750       6.5000       3.2500 

3.China Banking Corp                          10.7500       1.8000         

4.Development Bank of the Phil           12.6510       3.7500     15.8080       6.0000       7.6000       4.0000 

5.Land Bank of the  Philippines            15.0000       2.7950     14.0000       5.0000       7.5000       4.0000 

6.Metropolitan Bank & TCO                  13.0000       1.1000     10.7800       1.9000     10.7800       4.9900 

7.Phil National Bank     10.0000              2.7240      5.0000       5.0000 

8.Rizal Comm'L Banking Corp              10.0000       2.2500       8.0000       5.7800     

9.Security Bank Corp     15.0000             2.0250     24.3830      2.2500     16.3490       5.0000 

10.United Coconut Planters Bank            8.9480       4.0200      8.0000       7.2500       5.5000       5.5000 

11.Union Bank of the Phils                      11.0000      1.9000     18.3600      2.5500      12.0000       5.5000 

  

*Cut-off day for banks' weekly report on interest rates for done transactions is Wednesday for Thursday submission to BSP. 

 n.t.  no transaction      SHORT TERM:5 YEARS; MEDIUM TERM :10 YEARS  LONG TERM :15 YEARS

  

 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 charge 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.