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FCDU loans inch lower at end-March
Business World Philippines
|July 02, 2025
BANKS' outstanding foreign currency-denominated loans inched down at end-March, the Bangko Sentral ng Pilipinas (BSP) said late on Monday.
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Outstanding loans granted by banks' foreign currency deposit units (FCDU) stood at $15.782 billion as of March, slipping by 0.2% from the end-December 2024 level of $15.82 billion.
Year on year, FCDU loans also declined by 1.8% from $16.072 billion.
"The outstanding loans as of end-March 2025 included $7.66 billion in new loans and $7.72 billion in loan payments received during the reference quarter," the BSP said in a statement.
FCDUs are units of local banks or local branches of foreign banks that are authorized by the BSP to engage in transactions involving foreign currencies, including deposits and loans.
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