SOP Exhibits

Title:

Salary Loan Program

SOP Number : HR-PB22

EXHIBIT 9

PHILIPPINE NATIONAL BANK

SALARY LOAN PROGRAM
CO-MAKER REPLACEMENT SHEET

PROMISSORY NOTE

Date ____________________

We jointly and severally promise to pay to the order of the PNB the sum of ______________________________________________________ PESOS (P_______________) representing the Salary Loan granted by the Bank on ___________________, 19 ________.

We hereby authorize the Accounting/Disbursing Department of our office to deduct the monthly installment on this Loan from our salary or from any form of benefits due to us for payment/application to the monthly amortization on the Loan.

_________________________________ _______________________________
Signature over Printed Name of Co-Maker Signature of Applicant

_________________________________ _______________________________
Designation/Position Designation/Position

C E R T I F I C A T I O N

OFFICE: ______________________________ DATE : _____________________

This office certifies that: (1) the above information and signatures of borrower/applicant and co-maker are authentic 92) the above applicant and co-maker (a) are permanent employees of our office who have been i the service for at least two years and are not on leave of absence wiithout pay; (b) have no pending administrative or criminal charges against them; (c) have at least 30 days of unexpended credits (for government-employed borrowers only); (d) have no pending application nor due for retirement within the term of the loan; and (e) are up-to-date in the payment of his/her existing loans, if any, to the Bank; and (3) the co-maker is presently receiving a monthly net take-home pay of not less than P1,000.00, employed in the same entity/agency as that of the borrower, at least equal in rank/salary grade as the applicant and have not previously acted as co-maker under this financing program unless the previous loan in which he/she acted as co-maker has already been fully paid.

_____________________ ___________________ ___________________________
Name in Print Designation Signature of Authorized/Signatory

NOTE: THE CO-MAKER REPLACEMENT SHEET SHALL BE ACCOMPANIED BY AUTHENTICATED PHOTOCOPIES OF THE CO-MAKER'S LATEST PAYSLIPS FOR THE PAYROLL PERIODS EQUIVALENT TO ONE(1) MONTH.