Outstanding loans granted by foreign currency deposit units of banks stood at $17.8 billion as of end-September 2019, higher by $338 million (or by 1.9 percent) from the end-June 2019 level of $17.5 billion as disbursements exceeded principal repayments, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement Friday.
He said FCDU loans increased $1.7 billion (or by 10.8 percent) from the end-September 2018 level of $16.1 billion.
“The growth in loans may be attributed to borrowing firms’ higher working capital requirements,” Diokno said.
As of end-September 2019, the maturity profile of the FCDU loan portfolio remained predominantly medium- to long-term debt [or those payable over a term of more than one year], which represented 77.5 percent of the total, higher than the 76.7 percent level as of end-September 2018.
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