I.

Executive Summary

II. Introduction and Overview

A. Nature and Classification
Philtrust Bank, formally known as the Philippine Trust Company is one of the
oldest private universal banks in the Philippines. Founded on October 16, 1916, its
history parallels the growth of the Philippine Banking System. It is the third bank to be
established in the Philippines after Bank of the Philippine Islands and Philippine
National Bank. The bank is one of the businesses owned by Chinese-Filipino
businessman, Emilio Yap. Today, Philtrust Bank has a total of 40 branches in Metro
Manila, and 21 provincial branches.
Its principal activities remain in commercial and investment banking services.
Philtrust offers domestic, international and trust services. Its domestic services offered
are: savings, checking and time deposits, money market placements, business loans,
remittances, transfer of funds and collections, safety deposit services and securities
investments. International transactions include: traveler's cheque, foreign
exchange, Foreign Currency Deposit Unit transactions, commercial letters of credit,
international remittances and collections. They also provide trust operations and
investment management: trust placement, investment management, estate administration
/ trustee of bond issues escrow services, administration of
savings, insurance and pension plans, stock registry and transfer agent services.

B. Mission and Value Statement

The specific Vision, Mission and Core Values, focused on the optimization of an
effective and profitable utilization of Bank’s God-given resources, are:

 culled through wide consultations with and active participants of bank

management and all other stakeholders;
 based on dynamic and flexible modern-banking concept implemented as a
rolling plan which can be modified or altered to attune with the recent
development;
 practiced by PTC for almost a century (99 years) embedded in its corporate
culture and administration, founded on strong good governance, backed by
public credibility, and carried out with great great transparency and
accountability; and
 guiding the Bank and its Management, in the continuous pursuit of its
institutional mandate and corporate social responsibilities to; the government
regulators, its stakeholders and the general public in general

PTC’s Vision and Mission

Guided and inspired by the providential wisdom that “WHOMEVER MUCH
IS GIVEN, MUCH IS EXPECTED” Philtrust Bank and its Management adopted
the concept and philosophy that:

1. The business of banking is forever;

2. The authority of bank is a public trust;
 3. Banks as stewards of private and public wealth are accountable not only to
its clientele, the public, the regulations but primarily, to God, the source of all
riches.

PTC’s Core Values

V- aluing, caring and empowering others;
A- ccountability, trustworthiness and integrity;
L- ifelong learning as individuals and as an organization;
U- nited and loyal to the institution, team and to one another;
E- xcellence in all endeavors as an individual and as an organization;
S- ocial responsibility as a citizen of the Filipino Nation and of the World.

The purpose of the Philtrust Bank is aim to be a longtime investment. They are the
trustee and they manages the money of those who trust them. They have a big respect not
only for their customers but also in God’s presence.
The Core Values states importance of others, faithfulness on their promised, and loyalty.
Kindness as a person, responsibility as a citizen not only as a Filipino but also in the world.

C. Geographic Areas
As one of the oldest universal bank, Philtrust Bank, also known as Philtrust
Company has 41 Metro Manila Branches and 21 Provincial Branches.

Metro Manila Branch

Branch Name Address

Aurora Boulevard Branch 15th Ave., corner Aurora Boulevard,
Cubao, Quezon, City
Ayala Avenue Branch G/F Nat’l Life Insurance Company Bldg.
6762 Ayala Ave., Makati City
Bambang Branch Philtrust Building, 1499 G. Masangkay St.,
corner Bambang St. Tondo Manila
Binondo Branch Philtrust Bldg. Quintin Paredes cor.
Dasmariñas & Plaza Cervantes, Binondo,
Manila
Caloocan Branch Philtrust Bldg. Samson Rd. Caloocan City
Divisoria Branch
Philtrust Building C.M. Recto cor. Carmen
Planas St., Tondo Manila

Edsa Muñoz Branch EDSA cor. Roosevelt Ave.,Quezon City

Elcano Branch Philtrust Building; Elcano corner
Lavezares St., Binondo, Manila
Ermita Branch U.N. Ave. cor. Maria Orosa St., Manila
Escolta Branch 1355 Unit II Teoff Center Escolta cor. T.
Pinpin, Manila
Grace Park Branch 225 Rizal Ave. Ext., Grace Park, Caloocan
 City
Greenhills Branch Metrosquare, 224 Ortigas Avenue (near
corner Club Filipino Avenue) North
Greenhills, San Juan City
Head Office Philtrust Bank Building, United Nations
Avenue corner San Marcelino St., Manila
Juan Luna Branch Philtrust Building Juan Luna corner San
Fernando Street, Binondo, Manila
Las Piñas Branch Philtrust Building Alabang-Zapote Road,
Brgy. Almanza 1 Las Piñas City
Libertad Branch Philtrust Bldg., A. Arnaiz Ave. cor. Taft
Ave., Pasay City
Makati Branch 835 Liberty Building, A. Arnaiz Ave.,
Makati City
Makati Tordesillas Branch 101 Le Metropole Condominium, G. Puyat
Ave., cor. Tordesillas St. Makati City
Malabon Branch Rizal Avenue corner Leoño St., Tañong,
Malabon City
Malate Branch Philtrust Building Remedios corner M.H.
del Pilar St., Manila
Mandaluyong Branch Philtrust Building Shaw Boulevard corner
Kalentong St., Mandaluyong City
Marikina Branch Philtrust Bldg., Sumulong Highway Corner
P. Burgos St. Marikina
Maypajo Branch Philtrust Bldg., A.Mabini cor. L. Lupa St.
Morayta Branch Philtrust Building Dr. Nicanor Reyes St.
corner R. Papa St., Sampaloc, Manila
NAIA 3 Branch No.12 Arrival Level, NAIA Terminal 3
Pasay City
Naia Branch Departure Level, Ninoy Aquino
International Airport, Parañaque City
Ongpin Branch Ongpin Corner S. Padilla St., Binondo
Manila
Ortigas Branch One San Miguel Ave. cor. Shaw Blvd.,
Ortigas Center, Pasig City
Paco Branch Simplicia Bldg., Pedro Gil corner A. Linao
St., Paco, Manila
Padre Rada Branch Padre Rada Corner Ilaya St., Tondo,
Manila
Pasig Branch Philtrust Bldg., Dr. Sixto Antonio Ave.
Pasig City
Puyat Avenue Branch Philtrust Building 259-263 Gil Puyat
Avenue, Makati City
Quezon Avenue Branch Quezon Avenue Corner Sto. Domingo St.,
Quezon City
Quiapo Branch Plaza Miranda corner Villalobos St.,
Quiapo, Manila
Reina Regente Branch Reina Regente Corner Soler Street
Binondo, Manila
Sta. Cruz Branch Philtrust Building Plaza Lacson corner
Rizal Avenue Sta. Cruz, Manila
Sucat Branch Philtrust Building Dr. A. Santos Avenue
Corner Sta. Rita St., Paranaque City
Tabora Philtrust Building Tabora Corner M. De
Santos Streets San Nicolas, Manila
Taft Avenue Branch 1844 Taft Avenue Pasay City
 Taguig Branch Unit 101-A One Global Place, 5th Avenue
corner 25th Street, Bonifacio Global City
Taguig
Valenzuela Branch MacArthur Highway (in front of
Valenzuela City Hall) Malinta, Valenzuela
City

Provincial Branch

Branch Name Address

Angeles City Branch Philtrust Building, McArthur Highway
corner, B. Aquino St., Angeles City
Pampanga
Bacolod Branch Philtrust Building Gatuslao corner Cuadra
Streets, Bacolod City
Batangas Branch Rizal Avenue Cor. P. Gomez St., Batangas
City
Bulacan Branch Bulacan Trade House, Provincial Capitol
Compound, Mc Arthur Highway, Malolos
City, Bulacan
Cabanatuan Branch Philtrust Building Burgos Ave. corner
Beedle St., Cabanatuan City
Cagayan De Oro Branch Philtrust Building S. Osmeña St., corner
J.Ramonal St., Cogon District, Cagayan De
Oro City
Cavite Branch Philtrust Building, Km. 41 Aguinaldo
Highway, Silang Cavite
Cebu Colon Branch Philtrust Building Colon Street, Cebu City
Cebu Fuente Osmeña Branch Osmeña Boulevard Corner Llorente Street,
Cebu City
Cebu Magallanes Branch Philtrust Building Magallanes corner F.
Gonzales St., Cebu City
Davao Recto Branch Claro M. Recto Street, San Pedro, Davao
City
Davao Sta. Ana Branch Philtrust Building Monteverde avenue cor.
F. Bangoy St., Davao City
Dumaguete Real St. corner Siuman Avenue Ext.
Poblacion, Dumaguete City
Iloilo Branch Philtrust building, Quezon Street, corner
Delgado Iloilo City
La Union Branch Diocesan Bldg. 11 P. Gomez Street, San
Fernando City, La Union
Limay Branch Philtrust Building National Rd. Limay,
Bataan
Lucena Branch Quezon Avenue corner Don Queblar Street,
Lucena City
Naga Branch Philtrust Building Caceres corner Elias
Angeles St., Naga City, Camarines Sur
Roxas Branch Philtrust building Roxas Avenue corner,
Primero de Mayo Street Roxas City, Capiz
Santiago City Branch Maharlika Highway corner Abuag Street,
Santiago City, Isabela
Urdaneta McArthur Highway Corner Ambrocio
 Street, Poblacion, Urdaneta City,
Pangasinan

D. Management Team Critique - Company and CEO History

Company History
PHILTRUST BANK, also known as the Philippine Trust Company, is the first institution to
engage in the trust business under Philippine law. It started operations on October 21, 1916. Its
organization was the result of an increasing number of estates needing administration, minor heirs
requiring guardianship services and other estates which needed trusteeship relations, of which
there was none in existence at the time. Trust accounts also involved receiverships, assigneeships,
custodian of wills and estates under court appointed or private administration. Essentially,
therefore, the fiduciary role was the guiding light of the new company. Banking is indeed vested
with public trust and confidence and the relationship between bank and client must remain deeply
rooted thereon. Hence, even in its humble beginnings, the Philippine Trust Company anchored its
hopes for greater service to the community on its commitment to trust and confidence.
The Trust Company started with Php1 million authorized capital, of which Php500,000.00 was
paid up. As a result of the increasing recognition by the public of the convenience and
practicability of the services of a trust Institution, the business of the Company expanded.
In 2007, the Bangko Sentral ng Pilipinas granted universal banking license to Philtrust Bank.
The Philippines’ Security and Exchange Commission also approved the registration of the Bank's
Amended Articles of Incorporation, with powers among others, to engage in the business of
expanded commercial banking as a universal bank, to carry on the business of a trust company,
exercise the powers of investment houses as provided in pertinent laws and the power and
authority to invest in the equity of allied and non-allied corporations, business or undertakings, and
to perform such other acts and functions as may be permitted by law.

CEO History

Jaime C. Laya was the first Secretary of the Department of

Budget and Management (as Minister of Budget) of the Republic of
the Philippines, serving from 1975 to 1981. He was also the 5th
governor of the Central Bank of the Philippines from 1981 to 1984.
His term covered two significant points in Philippine history, the
election that made former President Ferdinand Marcos have his third
term and the assassination of the late Senator Benigno S. Aquino Jr.
that stimulated the People Power Revolution of 1986. He also served
as the Dean of the College of Business Administration, now the
Cesar E.A. Virata School of Business, of the University of the
Philippines Diliman.
Laya graduated magna cum laude with a degree in business administration from the
University of the Philippines in 1957. Later, he took up a master's degree in industrial management
from the Georgia Institute of Technology. He did his graduate studies in finance at the Stanford
Graduate School of Business of Stanford University in California, US, from which he graduated
with a Ph.D. in 1965.
Laya started off teaching accounting, economics and management courses at UP after his
graduation in 1957. At the age of 18, he placed eighth in the 1957 CPA examination.Dr. Laya is a
graduate of BSBA in Accounting from the University of the Philippines in 1957, MS in Industrial
Management from Georgia Institute of Technology in 1961 and PhD in Financial Management at
Stanford University in 1966. Dr. Laya holds Doctor of laws of Philippine Womens University and
Doctor of humanities of Mindanao State University and Certified Public Accountant from
Philippine Institute of Certified Public Accountants.
Laya served numerous positions in different government agencies. He rose to the rank of
professor of accounting and director of graduate studies at the University of the Philippines
Diliman College of Business Administration. He became dean of the same college from
1968-1975, succeeding Dean Cesar E.A. Virata.
 He served as Minister of Budget from 1975 to 1981 and became the Central Bank Governor
from 1981 to 1984, and was the Minister of Education, Culture and Sports from 1984 to 1986. He
also served as chairman of the National Commission of Culture and Arts from 1996 to 2001 and
former chairman of the Intramurous Administration. At present, he serves as a treasurer for the
Opera Guild of the Philippines. In 2010, President Aquino appointed Laya, along with pianist Raul
Sunico, and architect Maria Cristina Turalba, as one of the board of trustees of Cultural Center of
the Philippines.
After retiring from public office in 1986, Laya went on to found the founded J.C. Laya and
Co., Ltd., which was later renamed Laya Mananghaya and Co. Laya served as chairman of the firm
until his retirement in 2004. He was the chairman and president of the Association of Certified
Public Accounts in Public Practice (ACPAPP) in 2003 and ACAPP Foundation, Inc. in 2004. He is
the chairman of the publicly listed and Emilio Yap-owned Philtrust Bank, CIBI Information, Inc.,
Dual Tech Foundation, Inc and Don Norberto Ty Foundation. Laya serves as Director for
Victorias Milling Company, Inc., Philippine AXA Life Insurance Company, Manila Polo Club
and GMA Network, Inc. Philippine Ratings Services Corporation, Philippines-Mexico Business
Council, and Philippines-Spain Business Council. He is a trustee for De La Salle University
Manila, St. Paul University, Metropolitan Museum of Manila, Yuchengco Museum, Heart
Foundation of the Philippines, Inc., Fundacion Santiago, ABS-CBN Foundation, Inc., Dañgal ng
Bulacan Foundation, Cofradia de la Immaculada Concepcion.
Laya was also the president of the Southeast Asian Ministers of Education Council from 1985
to 1986 and chairman of the Ad Hoc Working Group on International Standards of Accounting and
Reporting of the United Nations Centeron Transnational Corporations from 1980 to 1983. He also
chaired the Philippine Delegations to the International Monetary Fund and the World Bank, the
Southeast Asian Central Banks Association, and the United Nations Educational, Cultural and
Scientific Organization (UNESCO).

E. SWOT
Philtrust Bank SWOT Analysis
The company may gain diversification potential. Diversification reduces the overall risk. We
see a growing market and believe that this trend will continue. This SWOT Analysis of Philtrust
Bank provides a strategic report of businesses and operations of the company. The SWOT
analysis shows strengths, weaknesses, opportunities and threats. This SWOT analysis of Philtrust
Bank can provide a competitive advantage.

S-trengths W-eaknesses O-pportunities T-hreats

-existing -small business -new products and -increase in labor
distribution and units services costs
sales networks -high investments -income level is at -increasing costs
-experienced in research and a constant increase -financial
business units development -venture capital capacity
-domestic market -growing economy
-monetary -new acquisitions
assistance
provided
-reduced labor
costs
-high growth rate

F. Competitor SWOT Analysis

Eastwest Bank SWOT Analysis
.
Strengths 1. The bank offers a variety of banking and financial services
through a network of around 110+ bank branches operating in the
US, China and Hong Kong
2. It is expanding its product portfolio by acquiring its
competitors in various locations
3. The company has focus on industries with cross-border growth
potential drives its bridge banking strategy. The dedicated
banking experts, with specialized knowledge in key growth
sectors, keep East West Bank at the forefront of opportunity in
the U.S. and Greater China.
4. Good brand visibility in the domestic banking circuit in US

Weaknesses 1. The asset base of the bank has been growing at a snail’s pace
and this may be a cause for concern in the long term
2. Cash dues from other banks have increased and it signifies the
weak credit terms of the bank which may have a debilitating
effect on the performance
3. Total equity of the bank has increased and this signifies a
dilution in the ownership

Opportunities 1. The US banking industry which suffered in the wake of the

financial crisis seems to have recovered and this provides better
opportunities to the banks
2. The global asset management and custody banks sector is
growing at a rapid pace. It can explore into this untapped
potential to generate more profits
3. It can as well expand in the other developing countries as they
also offer a growth potential for the bank

Threats 1. The US government framed the Dodd-Frank Act, significantly

restructuring financial regulation in the US. These severe changes
in regulations by US Federal government may affect operations
and increase costs
2. Since the start of the global financial crisis, banking industry in
the US has been undergoing a series of consolidations which
could impact the margins
3. Increasing number of online attacks may indirectly affect the
revenue for the bank

G. Industry and Relevant Competition

H. Subsidiaries
On November 27, 2014, the Parent Bank established Muralla Grande, Inc. (MGI), as a
wholly-owned subsidiary. MGI is primarily engaged in the real estate acquisitions and
development. As at December 31, 2016, the MGI has not yet started its commercial operations.
I. Bank Organization

J. Customer Base and Market Share

K. Legal Structure
 *General banking law
The General Banking Law of 2000, is the law that generally governs the regulation,
organization and operation of banks, quasi-banks, and other quasi-entities. It primarily
governs Universal Banks and Commercial Banks, and has suppletory application to Thrift
Banks (which is primarily governed by RA 7906, the Thrift Banks Act, Rural Banks
(primarily governed by RA 7353, the Rural Banks Act), and Cooperative Banks (primarily
governed by RA 6938, the Cooperative Code).

L. Current events and Economic Outlook

New Rates on Savings Accounts
NOTICE TO OUR VALUED CLIENTS Please be informed of the revised service
charges to be collected on Peso Savings and Current Account effective August 1, 2017 as
follows: Php30.00 per month on dormant deposit accounts with balance falling below the
required minimum monthly Average Daily Balance (ADB), if inactive for five (5) years and
upon prior notice. Php200.00 on deposit accounts closed within thirty (30) days from the
date of account opening. Php200.00 for the replacement of lost passbook. Php300.00 per
month on regular Peso Savings and ATM Accounts with balance falling below the required
minimum monthly ADB Php2,000.00 Php300.00 per month on regular Peso Savings
Account with Automatic Transfer Arrangement (ATA) if it falls below the minimum
monthly Average Daily Balance (ADB) of Php10,000.00 for Individual Account and
Php20,000.00 for Corporate Account. Php300.00 per month on Current Account if balance
falls below the minimum monthly ADB of Php10,000.00 for Individual Account and
Php15,000.00 for Corporate Account.
M. Products and Pricing
Philtrust Bank offers domestic products and services, international services and trust
products and services. Philtrust Bank offers a range of competitive and high quality
domestic products and services. They assist their customers in taking full advantage of their
international business opportunities with their services. They offer testamentary trusts,
guardianship, administratorship, and other specialized services.
Domestic Products and Services

Peso Checking Account

PESO CHECKING ACCOUNTS

1. Minimum - Initial Deposit
a. Individual, Partnership, and Sole
Php 10,000.00
Proprietorship Accounts
b. Corporate Accounts Php 15,000.00
2. Minimum ADB Requirement
a. Individual Php 10,000.00
b. Corporation Php 15,000.00
3. Monthly Maintenance Charge
a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
Php 200.00* per month if balance falls below the ADB for two
Active Accounts
(2) consecutive months
Dormant Accounts Php 200.00* per month if balance falls below the ADB
Php 200.00 per month if the account is inactive for one (1)
b. Service Charge for Dormancy
year**and if balance falls below ADB.
4. Minimum ADB to Earn Interest No Interest
5. Rejected Checks Issued
Php2,000.00 service charge plus penalty charge of Php200.00
a. Rejected due to uncollected or
per day for every Php40,000.00 or a fraction thereof based on
insufficient funds (CHHR Sec. 27.1 &
amount of check, to be imposed on both working and
27.5), (CHOM No. 380)
non-working days
b. Returned Checks with the reason of
1/8 of 1% of amount of check or Php100.00 whichever is
Post-Dated or Stale-Dated (CHOM No.
higher per day
96)
Service charge of Php2,200.00 for Php40,000.00 below, for
c. Returned Checks for reason
40,000.00 above charges will be computed. (Memo dated
"Payment Stopped"
01/16/07 BD-16/07)
At prevailing rate set by the Printing Company Presently: Php
6. Checking Requisition
175.00 - Personal Checks, Php 350.00 - Commercial Checks
7. Interest Rate No Interest Rate

Savings Account

PESO SAVINGS ACCOUNTS

1. Minimum - Initial Deposit Php 2,000.00

2. Minimum Average Daily Balance (ADB) Requirement

a. Accounts without Automatic

Php 2,000.00
Transfer Facilities (ATF)

Individual - Php 10,000.00

b. Accounts with ATF
Corporation - Php 20,000.00

3. Monthly Maintenance Charge

a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.

Php 200.00* per month if balance falls below the ADB for two
Active Accounts
(2) consecutive months

Dormant Accounts Php 200.00* per month if balance falls below the ADB

Php 200.00 per month if the account is inactive for two (2)
b. Service Charge for Dormancy
years**and if balance falls below ADB.

4. Minimum ADB to Earn Interest Php 5,000.00 Quarterly

Php 100.00 if account is closed within 60 days from date of

5. Closing of Accounts
opening. ***

6. Lost Passbook Php100.00**** charge for the issuance of a new passbook

7. Interest Rate 0.25 %

U.S. Dollar Savings Accounts

1. Minimum - Initial Deposit

a. Cash USD 100.00

b. Check USD 100.00 in cash, plus the amount of the check to be deposited.

2. Minimum Average Daily Balance (ADB)

USD 100.00
Requirement

3. Monthly Maintenance Charge

a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.

USD 1.00 per month if balance falls below the ADB for two (2)
Active Accounts
consecutive months

Dormant Accounts USD 1.00 per month if balance falls below the ADB

USD 1.00 per month if the account is inactive for two (2)
b. Service Charge for Dormancy
years*****and if balance falls below ADB.

4. Minimum ADB to Earn Interest USD 500.00 (Average daily balance) monthly

USD 30.00, if Cash was deposited and withdrawn outright in

5. Charges on Withdrawals
the form of cash

6. U.S. Dollar notes deposited &

1/2 of 1%
withdrawn outright

a. In the form of Cable Transfer USD 23.00

b. PDDTS USD 12.50

7. Returned Checks (check deposited to

Minimum of USD 25.00
account)

8. Handling Charge on Dollar Check

USD 2.50 for each check deposited
Deposits

USD 5.00 if account is closed within 180 days from date of

9. Closing of Account
opening

10. Interest Rate

a. Active Accounts 0.50 %

b. Dormant Accounts No interest

Peso Savings ATM Account

PESO SAVINGS ATM ACCOUNTS

1. Minimum - Initial Deposit Php 2,000.00

2. Minimum Average Daily Balance (ADB)

Php 2,000.00
Requirement

3. Monthly Maintenance Charge

a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.

Php 200.00 per month if balance falls below the ADB for
Active Accounts
two (2) consecutive months

Dormant Accounts Php 200.00 per month if balance falls below the ADB

Php 200.00 per month if the account is inactive for two (2)
b. Dormant Accounts
years and if balance falls below ADB.

4. Minimum ADB to Earn Interest Php 5,000.00 Quarterly

5. Minimum ADB Requirement Php 2,000.00

6. Closing of Accounts Php100.00 if closed within 60 days from date of opening

7. Replacement of Damaged/Lost ATM Card Php 100.00

8. Change of PIN Php 100.00

9. Inter-Bank Fund Transfer Fee (IBFT) Php 25.00

First three (3) pages Php 100.00, Succeeding pages Php

10. Statement request fee
10.00 per page

11. Balance Inquiry Fee (Other Bank's ATM) Php 1.00

12. Transaction Fee (Other Bank's ATM) Php10.00

13. Maximum withdrawal amount per day Php 20,000.00

14. Maximum withdrawal frequency per day none

15. Maximum withdrawal amount per

Php 10,000.00
transaction (PTC's ATM)

16. Minimum withdrawal amount per

Php 100.00
transaction (PTC's ATM)

17. Interest Rate 0.25 %

Peso Time Deposit

PESO TIME DEPOSIT

1. Minimum - Initial
Php5,000.00
Deposit

2. Doc. Stamps Tax Php 1.00 for every Php 200.00 of fraction thereof

3. Pretermination

a. Within up to 7 days
25% of agreed interest rate
from the date placed

b. Within the first half

50% of agreed interest rate
of the agreed term

- Cost of Doc. Stamps Php1.00 for every Php200.00 or fraction thereof

- Time deposit with term of less than 1 yr. the Doc. Stamp shall be of a
proportional amount in accordance with the ratio of its term in number of days
c. Within the second to 365 days (R.A. 9243 Sec. 179)
half of the agreed term - Upon pretermination, the doc. stamps will be deducted from the process of the
placements or will be shouldered by the depositor
- No interest will be paid if preterminated within 6 days (Memo dated Apr. 21,
1993)

U.S. DOLLAR TIME DEPOSIT

1. Minimum - Initial Deposit USD1,000.00

2. Pretermination

a. Within the first half of the agreed

25% of agreed interest rate
term

- 50% of agreed interest rate

b. Within the second half of the
- No interest will be paid when preterminated within 6 days from the
agreed term
date of deposit/renewal

3. Minimum Term 30 days

- Non-negotiable certificate
4. Long Term Dollar Time Deposit
- Pre-termination allowed, subject to BSP regulations

a. Minimum Placement USD 5,000.00

b. Minimum Term 5 years

Business Loans

LOANS

A. Areas within Metro Manila: -Minimum of P2,000,00 for one TCT. However, if the
submitted collaterals are several TCTs located within the same subdivision or location,
additional fee of P50.00 will be charged for the verification of the TCTs;
-Minumum of P2,000.00 for one TCT plus P1,000.00 for each additional TCT or location
that is far from the first location under the same application for credit;
B. Areas outside of Metro Manila (with one-day / office hours fieldwork:
-Minimum of P3,000,00 for one TCT. However, if the submitted collaterals are several
TCTs located within the same subdivision or location, additional fee of P50.00 will be
charged for the verification of the TCTs;
1. Appraisal Fee
-Minumum of P3,000.00 for one TCT plus P1,000.00 for each additional TCT or location
that is far from the first location under the same application for credit;
C. Provincial areas ( with overnight or more than one- day fieldwork):
-Minimum of P5,000,00 initial fee for one TCT or location, plus P1,500.00 for each
additional collateral that is far from the first location under the same application for
credit, plus airfare and / or gasoline expense and actual receipted incidental expenses
collectable after appraisal inspection.
D. Large parcels of land, apply the above basic rates and additional charges on
case-to-case basis.

P1.00 on each P200.00, or fraction part thereof on every original issue of debt
instruments of one year. For less than 1 year, a proportional amount in accor- dance
2. Doc. Stamps with the ratio of its term in number of days to 365 days. Only one documentary stamp
shall be imposed on either loan agreement of promissory note issued to secure such
loan.

3. Registration
Based on amount of mortgage per schedule of fees.
Fee

2% per annum on PRINCIPAL outstanding balance in addition to the contracted loan

4. Service Fee
interest rate.

In case any note/amortization and/or interest becomes past due, a penalty charge of 2%
5. Penalty
per month shall be collected on the outstanding PRINCIPAL balance from date of default
Charge
until full payment of the obligation.

6. Certification
P200.00 per Certification of Loan Credit Line.
Fee

7. Commitment
1/4 of 1% of the Committed amount of P2,500.00, whichever is higher.
Fee

8. Cancellation
P200.00 for re-issuance of Cancellation of Mortgage.
of Mortgage
Inward Remittances

INWARD REMITTANCES

1. Credit to Peso Savings Account (S/A) or Current

Account (C/A)

a. Doc. Stamps Php0.30 for every Php200.00 or fraction thereof

b. Commission Php250.00

USD500 - & BELOW USD7.50

USD501 - USD1,000 USD15.00

USD1,001 - USD1,500 USD20.00

USD1,501 - USD2,500 USD22.50

USD2,501 - USD5,000 USD27.50

USD5,001 - USD10,000 USD30.00

USD10,001 - USD20,000 USD32.50

USD20,001 - USD40,000 USD35.00

2. Credit to U.S. Dollar Account USD40,001 - USD50,000 USD37.50

USD50,001 - USD100,000 USD40.00

USD100,001 - USD250,000 USD50.00

USD250,001 - USD500,000 USD55.00

USD500,001 - USD750,000 USD65.00

USD750,001 - USD1,000,000 USD75.00

USD1,000,001 - USD1,250,000 USD85.00

USD1,250,001 - USD1,500,000 USD95.00

USD1,500,001 - & ABOVE 0.00007

3. Proceeds in Dollar Draft or via PDDTS payable to an

the same as above
account with another bank

4. Proceeds in Peso Manager's Check (MC)

a. Doc. Stamps Php0.30 for every Php200.00 or fraction thereof

b. Processing Fee Php100.00

Rental of Safe Deposit Box

Rental of Safe Deposit Box

Size Rate

1. 3 x 5 x 21 Php 600.00

2. 5 x 5 x 21 Php 700.00

3. 3 x 10 x 21 Php 800.00

4. 5 x 10 x 21 Php 1,000.00

5. 10 x 10 x 21 Php 1,500.00

6. Key Deposit Php 1,000.00

Philtrust Bank domestic products and services also includes Transfer of Funds and
Collections and Securities and Investments.

International Services
Import Financing
-Import Letters of Credit*
-Domestic Letters of Credit*
-Trust Receipts*
-Shipping Guarantees*
-Standby Letters of Credit*
-Documents Against Payment
-Documents Against Acceptance
-Open Account
-Direct Remittance
Export Financing
-Negotiation of Export Bills*
-Documents Under Letters of Credit (Export Bills Purchased (EBP)*
-Collection of Export Documents
-Advising of Export Letters of Credit
Inward Remittances
You may have your remittances sent through our Bank for credit to your account with us or
with other commercial banks and savings banks via electronic transfers – Philippine Domestic
Dollar Transfer System (PDDTS) for US Dollars; Electronic Peso Clearing and Settlement System
(EPCS) and PHILPASS – Real Time Gross Settlement RTGS) for PHP.
Outward Remittances
 Send your money safe and secure abroad through our Authorized Correspondent Banks with
the following details:
-Ordering Party’s Name, complete address and Account Number
-Beneficiary Customer’s Name and Account Number
-Amount of Remittance
Domestic Remittances
Send your money (US Dollars and Philippine Peso) safe and secure to other banks in the
Philippines via Philippine Domestic Dollar Transfer System (PDDTS) for US Dollar remittances,
PHILPASS (SWIFT-Real Time Gross Settlement (RTGS) and Electronic Peso Clearing and
Settlement System (EPCS) for PHP remittances.

Trust Products and Services

Custodial Services
They can take care of safekeeping your investments in stocks and other marketable securities, and
release the same upon your specific written instructions. They'll even cover other ministerial
concerns such as collection of dividend and interest, subscription to stock rights, conversion of
securities and others on your behalf.
Employment Benefit or Retirement Plan
If you own a company, let the bank manage the retirement fund that you provide for your
employees whether it's a pension or a provident fund.
Escrow Agency
Philtrust Bank could be a third and impartial party to hold and administer money, securities,
property titles or documents in escrow contracts between you and another party, and the bank will
see to it that the provisions of the escrow agreement are faithfully complied.

Life Insurance Trust

They will handle every aspect of your life insurance plan from the filing of insurance claims, to the
management of the proceeds and disbursements, according to your wishes as indicated in the
dispositive provisions of the Trust Agreement. This could either be a revocable or irrevocable
trust.
Personal Living Trust
Philtrust Bank, together with you can plan and create a separate trust estate out of your general
estate while you're still around and able, for your loved-ones and named beneficiary(ies).
Testamentary Trust
They can manage and protect your properties and funds upon your death, pending full distribution
to your beneficiaries subject to conditions set forth in the Trust.
Administratorship
They can administer properties or funds under property administration agreement or under orders
of court of competent jurisdiction to manage and distribute the estate of a deceased person without
a written will.
Guardianship
The bank can administer the properties or funds of a minor, or an incompetent or incapacitated
person through a trust agreement initiated by appointment of a court of competent jurisdiction.
Stock and Transfer Agency
PTC can enforce an agency agreement involving the issuance of original certificate of stocks of a
company, custody of unissued certificates, replacement of lost or destroyed certificates and
bookkeeping of stocks.
Directional Investment Management Account
Whether your an individual with investments or a representing a corporate entity, we can manage
and invest your funds on investment outlets with your instructions in mind.

N. Profitability Trend

O. Business Segments
P. Takeover, Merger, Bankrupt Activities
By Ma. Elisa P. Osorio | Updated January 1, 2007 - 12:00am 0 0 googleplus0 0 The board of
directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is
looking at converting the bank into a universal bank from a commercial bank. In a disclosure to
the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the
institution has approved the amendment of the articles of incorporation to effect the conversion.
The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas
(BSP). A universal bank offers investment services in addition to the services given by
commercial bank which is to accept deposit and give business loans. Last month, Philtrust bank
inked a P3 billion deal with the Nubla and Chung families to buy 58.26 percent of medium-sized
Philippine Bank of Communications (PBCom). The Nublas own 28 percent of PBCom and the
Chungs, 26 percent. The agreement between the two families and Philtrust has left out the Luy
family, the single largest owner of PBCom holding 37 percent of the shares. Philippine Deposit
Insurance Corp. (PDIC) acting president Michael Osmena said Philtust is in talks with the Luy
family in order to obtain controlling interest of at least 67 percent of the bank. However, industry
insiders say the family is dissatisfied with the P30 per share offer price as PBCom shares are
being traded at over P60 apiece in the market when the offer was made. PBCom shares closed at
P69 for the year. The BSP and the PDIC screen potential investors in a bank to ensure long run
stability and the buyer of PBCom must acquire enough shares for a controlling interest in the
bank to get the approval of regulators. "They (Philtrust) will have to go through the
prequalification process," Osmeña said. Philtrust would have to shell out more money as it
would have to make a tender offer to other shareholders of publicly listed PBCom. Should
Philtrust succeed in taking control of PBCom, a merger between the two medium-sized banks
would create the country’s 13th biggest bank, with total assets of P115.4 billion. Currently
PBCom is ranked 19th with total assets of P60.3 billion and Philtrust, 20th with P55.1 billion
Q. Economy Sensitivity
R. Ethical Issues
S. Regulatory Trend

T. Bank’s Implementing Rules and Regulations

Business Conduct & Directors Senior Management Employees
Ethics
(a) Conflict of InterestThe company’s directors
must ensure that their
personal interest do not
conflict with the interest
of the company. If an
actual or potential
conflict of interest arises,
the director concerned is
required to fully and
immediately disclose it to
the Board and inhibit
himself in the
decisionmaking process.
(b) Conduct of The company adheres to
Business and Fair the principle of fairness
Dealings in the conduct of its
business and dealings.
(c) Receipt of gifts The company requires
from third parties disclosure and regulates
the receipt of gifts from
third parties.
(d) Compliance with The company requires
Laws & compliance with
Regulations applicable laws and
regulations.
Personal interest of
senior management
should not be in conflict
with the interest of the
company. If an actual or
potential conflict of
interest arises, the officer
concerned should fully
and immediately inform
the Board so as to protect
the interest of the
company.
The company adheres to
the principle of fairness
in the conduct of its
business and dealings.
The company requires
disclosure and regulates
the receipt of gifts from
third parties.
The company requires
compliance with
applicable laws and
regulations.
The employee
concerned should fully
and immediately inform
management.
The company adheres to
the principle of fairness
in the conduct of its
business and dealings.
The company requires
disclosure and regulates
the receipt of gifts from
third parties.
The company requires
compliance with
applicable laws
and regulations.

The directors should have Senior management

a working knowledge of should have a working
the statutory and knowledge of the
regulatory requirements statutory and regulatory
affecting the company. requirements affecting
the company.
Directors should also
keep abreast with
industry developments
and business trends in
order to promote the
company’s
competitiveness.
(e) Respect for Trade The company treats as The company treats as The company treats as
Secrets/Use of confidential trade secrets confidential trade secrets confidential trade secrets
Non-public and regulates the use of and regulates the use of and regulates the use of
Information non-public information. non-public information. non-public information.

A director should not An officer should not An employee should not

reveal confidential reveal confidential reveal confidential
information he may have information he may have information he may have
acquired by reason of his acquired by reason of his acquired by reason of his
position without the position without the position without the
authority of the Board. authority of the Board. authority of the Board.

(f) Use of Company The company only The company only allows The company only
Funds, Assets and allows the authorized use the authorized use of its allows the authorized use
Information of its funds, assets and funds, assets and of its funds, assets and
information. information. information.
(g) Employment & The company requires The company requires The company requires
Labor Laws & compliance with laws, compliance with laws, compliance with laws,
Policies rules and policies on rules and policies on rules and policies on
employment and labor. employment and labor. employment and labor.
(h) Disciplinary action The company observes The company observes The company observes
due process in enforcing due process in enforcing due process in enforcing
its rules and regulations. its rules and regulations. its rules and regulations.
 (i) Whistle Blower The company The company encourages The company
encourages communicating to an encourages
communicating to an internal authority, in a communicating to an
internal authority, in a manner confidential and internal authority, in a
manner confidential and without the risk of manner confidential and
without the risk of reprisal, any legitimate without the risk of
reprisal, any legitimate concern about illegal, reprisal, any legitimate
concern about illegal, unethical or questionable concern about illegal,
unethical or questionable transaction. unethical or
transaction. questionable transaction.
(j) Conflict Resolution Undertaken by the Board Undertaken by the Undertaken by
of Directors Management/Board. Management taking into
consideration the
provisions of the
Collective Bargaining
Agreement (CBA).

*questions
1) Has the code of ethics or conduct been disseminated to all directors, senior management
and employees?

Yes, copies of the Company’s Code of Ethics have been timely

disseminated to all directors, officers and employees.

2) Discuss how the company implements and monitors compliance with the code of ethics
or conduct.

Each new director, officer and employee is furnished a copy

of the company’s code of ethics to guide him in the performance of
his duties. Any alleged violation of the said code is immediately
acted upon after observance of due process.