In less than a week since Aquino's call for a boycott of crony-owned or aligned banks and business establishments, there was a total of P1.78 billion in withdrawals from crony banks and the Philippine National Bank, Security Bank & Trust Company, Republic Planters Bank, and Traders Royal Bank. The first to get their money out of the crony banks were groups belonging to the clergy; in Union Bank, the clergy represented at least 12 % of its deposit base. As a result, deposit upsurges were recorded in Bank of the Philippine Islands, Metropolitan Bank and Trust Company, and Citibank. Bulletin today, the country's largest circulated newspaper (circulation 350,000) trailed behind the Philippine Daily Inquirer, Malaya, and the Manila Times. Rustan's department store was empty; most of their customers moved over to SM Shoemart, Anson's, and Robinson's.
Wala pang isang linggo mula nang unang manawagan ng boykot si Cory, may _1.78 billion na lahat-lahat ang nawi-withdraw sa Philippine National Bank at crony banks, pinakamalaki ang Security Bank & Trust Company, Republic Planters Bank, at Traders Royal Bank. Unang-unang nag-withdraw ng pera nila ang simbahang Katoliko; sa Union Bank, 12% agad ito ng deposit base. Samantala, dinagsa ng bagong depositors ang Bank of the Philippine Islands, Metropolitan Bank and Trust Company, at Citibank. Kulelat bigla sa benta ang Bulletin Today; waging-wagi ang Philippine Daily Inquirer, Malaya, at The Manila Times. Walang tao sa Rustan's; nasa SM Shoemart, Anson's, at Robinson's ang mga mamimili.