LOANS issued by foreign currency deposit units (FCDU) of banks jumped in the fourth quarter on the back of borrowers’ confidence in the domestic economy, the Philippine central bank said.
In a statement, the Bangko Sentral ng Pilipins (BSP) said that outstanding FCDU loans went up 12.7 percent to $5.8 billion in the fourth quarter of 2010 from the $5.2 billion during the previous three-month period.
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