LOANS provided by banks' foreign currency deposit units (FCDUs) fell to $16.3 billion as of the end of March this year, according to the Bangko Sentral ng Pilipinas (BSP).

The central bank said in a statement on Wednesday that the current sum was $315 million, or 1.9 percent, lower than the end-December 2020 level of $16.7 billion, since "principal repayments surpassed disbursements."

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