Outstanding loans granted by foreign currency deposit units of banks posted a decline in the last three months of 2023 as principal repayments surpassed disbursements made, amid elevated interest rates during the period.Data released by the Bangko Sentral ng Pilipinas showed that FCDU lending stood at $15.2 billion as of end-December 2023, reflecting a $340 million or 2.2% decrease from $15.5 billion the previous quarter.This also reflected a $621 million or 3.9% decline from the $15.
2 billion or 12.8%.Disbursements for the quarter hit $18.0 billion, marking a 5.4% increase from $17.1 billion in the previous quarter, attributable to the increase in funding requirements of a foreign bank branch affiliate.Loan repayments, meanwhile, were recorded at $18.4 billion or 8.4% higher than the $17.0 billion in the previous quarter, resulting in an overall net repayment.Liabilities stood at an all-time high of $54.4 billion, $2.6 billion or 5.1% higher than the $51.
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