Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2

Top sectors who took out loans are merchandise and service exporters, and power companies.

Outstanding loans granted by foreign currency deposit units (FCDU) of Philippine banks stood at $15.63b as of end-June 2024, lower by 2.7% or by $438.58m by end-March.

Compared to Q2 2023, outstanding FCDU loans were 1.6% higher, according to data from the Bangko Sentral ng Pilipinas (BSP).

The maturity profile of the FCDU loan portfolio remained predominantly medium- to long-term— or those payable over a term of more than one (1) year— which comprised 76.7% of total in Q2.

FCDU loans granted to residents was $9.48b or 60.7% of the total loans.

Majority went to merchandise and service exporters ($2.49b or 26.2%), power generation companies ($2.12b or 22.4%); and towing, tanker, trucking, forwarding, personal and other industries ($1.68b or 17.7%).

Follow the link for more news on

Bangko Sentral ng Pilipinas

Also Read

Vietnam’s VP Bank, Lotte team up to offer buy now pay later services

Philippine banks anticipate loan growth, steady NPL outlook

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit