The Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. announced today that as of end-September 2017, outstanding loans granted by FCDUs of banks stood at US$15.0 billion, up by US$990 million (7.1 percent) from the end-June 2017 level of US$14.0 billion 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 75 percent of total.
Outstanding loans benefitted the following major resident borrowers/industries: towing, tanker, trucking and forwarding (US$3.5 billion or 23.4 percent of total); merchandise and service exporters (US$3.2 billion or 21.5 percent of total); public utility firms (US$1.7 billion or 11.2 percent of total); producers/manufacturers, including oil companies (US$0.6 billion or 4.1 percent of total); and management/holding and stock brokerage (US$0.6 billion or 4.0 percent of total).
Gross disbursements of US$14.4 billion during the reference quarter were higher by 2.8 percent vis-à-vis the previous quarter, with the bulk (about 88.5 percent) having short-term (ST) maturities [or those with original maturities of up to one (1) year]. Loan repayments, on the other hand, dropped by 6.6 percent, resulting in overall net disbursements of US$986 million.
FCDU deposit liabilities were likewise higher at US$39.1 billion from last quarter’s US$37.2 billion level, but the bulk of deposits (97.4 percent) continued to be held by residents.
The overall loan-to-deposit ratio increased to 38.4 percent from 37.6 percent in June with the faster expansion in loan portfolio vis-à-vis that for FCDU deposits.