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Banks' FCDU loans rise to $15.7B
The Philippine Star
|January 01, 2025
Foreign currency loans granted by banks inched up by 0.7 percent to $15.75 billion as of end-September 2024 from the end-June level of $15.63 billion, according to the Bangko Sentral ng Pilipinas (BSP).
In a statement, the BSP said the outstanding loans granted by banks' foreign currency deposit units (FCDU) increased by $114 million as disbursements exceeded principal repayments.
The latest figure also rose by $246 million or 1.6 percent from the $15.5 billion seen in end-September 2023.
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