PSE Circular for Brokers No. 1703-99

July 12, 1999 PSE CIRCULAR FOR BROKERS NO. 1703-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b) (3) THEREUNDER 1. July 8, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification No. 5830 3. BIR Tax Identification No. 00488574 4. THE PHILIPPINE BANKING CORPORATION (PHILBANK) Exact name of Registrant as specified in its charter 5. Manila, Philippines Province, country or other jurisdiction of incorporation 6. __________ (SEC use only) Industry classification code 7. 6778 Philbank Bldg., Ayala Avenue Makati City, 1226 Address of principal office Postal Code 8. 817-09-01 to 28 and 817-11-67 Registrant' telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Stock 28,726,132 11. Indicate the item numbers reported herein: Name Position Held Date of Effectivity Michele C. Siy Yap Director 6-28-99 The election of the above-named Director was done to fill-up the 15th seat vacated by the resignation of Director Wilson Chu last year. Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE PHILIPPINE BANKING CORPORATION Registrant (SGD.) RENATO J. FERNANDEZ Corporate Secretary & General Counsel