The Bangko Sentral reported that outstanding FCDU loans as of June 30, 2000 amounted to US$6,846.1 million, reflecting a growth of US$40.0 million (or about 6 percent) from the first quarter figure of US$6,806.1 million, but a decline of US$519.9 million (or about 7 percent) compared to the US$7,366.0 million level a year ago.
Private sector loans continued to constitute the bulk (US$6,092.6 million) of outstanding credits although their share to total declined by 3 percentage points to 89 percent. Exporters remained the top borrowers absorbing US$2,586.6 million or 38 percent of total loans, of which US$2,365.6 million or 35 percent of total loans was for the account of the commodity exporters and the US$221.0 million balance or 3 percent for the service exporters. Other large borrowers consisted of public utilities (US$1,655.4 million or 24 percent) and oil companies (US$457.0 million or 7 percent).
The maturity profile of the FCDU loan portfolio further improved with the share of short-term accounts declining to 51.7 percent from 52.8 percent of total loans.