The Bangko Sentral ng Pilipinas Officer-In-Charge Chuchi G. Fonacier announced today that as of end-June 2017, outstanding loans granted by FCDUs of banks stood at US$14.0 billion, down by US$347 million (2.4 percent) from the end-March 2017 level of US$14.3 billion as principal repayments exceeded disbursements.
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 75 percent of total.
Outstanding loans benefitted the following major resident borrowers/industries: merchandise and service exporters (US$3.2 billion); towing, tanker, trucking and forwarding (US$3.0 billion); public utility firms (US$1.4 billion); producers/manufacturers, including oil companies (US$0.6 billion); and management/holding and stock brokerage (US$0.5 billion).
Gross disbursements of US$14.0 billion during the reference quarter were lower by 6.0 percent vis-à-vis the previous quarter, with the bulk (about 90.3 percent) having short-term (ST) maturities [or those with original maturities of up to one (1) year]. Loan repayments, on the other hand, rose by 10.1 percent, resulting in overall net repayments of US$347 million.
FCDU deposit liabilities were likewise lower at US$37.2 billion from last quarter’s US$37.3 billion level, but the bulk of deposits (96.7 percent) continued to be held by residents.
The overall loan-to-deposit ratio declined to 37.6 percent from 38.4 percent in March with the larger contraction in loan portfolio vis-à-vis that for FCDU deposits.