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FCDU Loans up in First Quarter of 2017

06.30.2017

Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced today that as of end-March 2017, outstanding loans granted by FCDUs of banks stood at US$14.3 billion, up by US$1.8 billion (14.7 percent) from the end-December 2016 level, as disbursements exceeded principal repayments.

The maturity mix of the loan portfolio remained biased towards medium- to long-term debt [or those payable over a term of more than one (1) year], which represented 71 percent of total.

Outstanding loans to resident borrowers benefitted the following major sectors/industries: merchandise and service exporters (US$3.4 billion); towing, tanker, trucking and forwarding (US$2.6 billion); public utility firms (US$1.4 billion); management/holding and stock brokerage (US$0.8 billion); and producers/manufacturers, including oil companies (US$0.5 billion).

Gross disbursements during the reference quarter increased by 13.5 percent, with about 87.6 percent of loan releases having short-term (ST) maturities [or those with original maturities of up to one (1) year]. However, loan repayments increased by a mere 0.1 percent, resulting in net disbursements of US$1.8 billion.

FCDU deposit liabilities likewise increased from US$35.9 billion at the close of 2016 to US$37.3 billion in the first quarter of 2017, with the bulk of deposits (97.3 percent) continuing to be held by residents. The overall loans-to-deposit ratio (LDR) increased to 38.4 percent from 34.9 percent as the loan portfolio expanded faster than FCDU deposits.

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