Philippine FCDU loans fall 3.9% in September 2025

This is despite the 5.7% growth in deposits in foreign currencies, the central bank said.

​Foreign currency deposit unit (FCDU) loans in the Philippines as of end-September 2025 declined by 3.9% year on year, Bangko Sentral ng Pilipinas (BSP) said.

This is despite the 5.7% growth in deposits in foreign currencies, which reached US$60.73b ($77.386b) from US$57.46b ($73.486b), the BSP added.

FDCU loans decreased by 5% in the third quarter (Q3) of 2025 to US$15.13b ($19.93b), or down by US$802.09m ($1.3b) from US$15.93b ($20.52b) in the previous quarter.

Of the total outstanding loans, US$9.59b ($11.699b) or 63.4% were extended to Philippine-based borrowers, whilst the rest went to non-residents.

Major Philippine-based borrowers included merchandise and service exporters (US$2.51b or 26.2%); Towing, Tanker, Trucking, Forwarding, Personal and Other Industries (US$2.05b 21.4%); and Power Generation Companies (US$1.71b or 17.8%).​​

Most loans were medium- to long-term, with maturities over one year. These accounted for 79.8% of the total, higher than the 79% in the previous quarter, the BSP said.