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Outstanding FCDU Loans Down By 5% in Third Quarter of 2000

01.26.2001

The Bangko Sentral reported that outstanding FCDU loans as of September 30, 2000 amounted to US$6,483.6 million, down by US$362.5 million or 5.3 percent from the end-June figure of US$6,846.1 million and by US$777.9 million or 10.7 percent from the US$7,261.5 million level a year ago.

The maturity profile of the FCDU loan portfolio further improved with the share of short-term accounts (with original maturities of up to one year) declining to 50.1 percent from 51.7 percent in the previous quarter. The 49.9 percent share of medium and long-term accounts is the highest recorded since 1992.

Private sector loans continued to constitute the bulk (88.5 percent or US$5,736.6 million) of outstanding credits. Exporters remained the top borrowers accounting for 37 percent (US$2,407.2 million), of which 92 percent (US$2,211 million) pertains to commodity exporters and the balance to service exporters. Other large borrowers included public utilities (US$1,547.5 million or 24 percent of total) and oil companies (US$454.3 million or 7 percent).

The combined shares of four local commercial banks with expanded license and one foreign bank branch accounted for 42 percent of outstanding FCDU loans.

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