Foreign currency bank loans edged up in Q4 2024
Outstanding loans handed out by the foreign currency deposit units of local banks went up in the last quarter of 2024. REUTERS/Dado Ruvic/Illustration
MANILA, Philippines – Foreign currency-denominated loans granted by local banks grew slightly in the last quarter of 2024, as disbursements exceeded principal repayments.
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans handed out by the foreign currency deposit units (FCDU) of banks had amounted to $15.82 billion, up from the $15.75 billion recorded at the end of September 2024,
On an annual basis, FCDU loans inched up by 4.3 percent by $658.56 million from $15.16 billion at the end of December 2023.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
READ NEXT
EDITORS' PICK
