Borrowing costs cited as FCDU loans dip 0.4%

Sep 30, 2023 12:35 am

LOANS extended by banks' foreign currency deposit units (FCDU) slipped in the second quarter of 2023 as principal repayments exceeded disbursements, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

In a statement, the central bank said FCDU loans as of end-June stood at $15.4 billion, down by 0.4 percent from the $15.5 billion recorded at the end of March this year.

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