FCDU lending drops by 2.2% in Q4 2023

Mar 29, 2024 12:15 am

LOANS extended by banks' foreign currency deposit units (FCDU) fell in the fourth quarter of last year as principal repayments exceeded disbursements, the Bangko Sentral ng Pilipinas (BSP) reported late Wednesday.

As of end-December, FCDU loans stood at $15.2 billion, down 2.2 percent from $15.5 billion in the third quarter or 3.9 percent from $15.8 billion a year earlier.

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