FCDU outstanding loans slightly falls in September - BusinessMirror

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FCDU outstanding loans slightly falls in September - BusinessMirror
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Outstanding loans granted by foreign currency deposit units (FCDU) of banks slightly fell to $15.67 billion as of end-September, a decrease of $44 million or by 0.3 percent from the end-June 2022 level of $15.71 billion.

OUTSTANDING loans granted by foreign currency deposit units of banks slightly fell to $15.67 billion as of end-September, a decrease of $44 million or by 0.3 percent from the end-June 2022 level of $15.71 billion.

Year-on-year, outstanding FCDU loans decreased by $164 million or by 1 percent from the end-September 2021 level of $15.8 billion. FCDU loans granted to residents comprised 63 percent of total outstanding FCDU loans. Of the $10 billion outstanding loans to residents, majority went to power generation companies at $2.7 billion or 27 percent, merchandise and service exporters at $2.4 billion or 24 percent and management/holding and stock brokerage at $1.2 billion or 12 percent.

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