Please help me out with this one ASAP.

1. Manolo is one of the directors of BDP Bank. He intends to obtain a loan amounting to P2,000,000.00 from the said bank. What is needed in order that Manolo's loan to be legally obtained? Explain.
2. Pedro who is in the USA asked XXX bank to facilitate the transfer of 5,000 U.S dollars to Jose who is in the Philippines. XXX bank thereafter instructed BPM Bank to facilitate such transfer. The latter, however, inadvertently transferred 50,000.00 U.S dollars to the peso account of Jose in BDI Bank. BPM Bank sought the return of the excess 45,000 U.S dollars. BPM Bank filed a case in the Philippines. Jose however objected to the inquiry into his bank deposit s invoking the confidentiality thereof. Is the contention of Jose correct? Explain.