FCDU loans down 2.7% in second quarter

By Ed Paolo Salting

Oct 02, 2024 12:32 am

THE Bangko Sentral ng Pilipinas (BSP) reported outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks slightly went down in the second quarter (Q2) of 2024.

Data showed FCDU outstanding loans totaled $15.63 billion as of end-June, a decrease of 2.7 percent from $16.07 billion as of end-March, attributed to principal repayments exceeding disbursements.

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