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FCDU Loans up in 4th Quarter of 2017

03.28.2018

Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. announced today that as of end-December 2017, outstanding loans granted by Foreign Currency Deposit Units of banks stood at US$15.4 billion, up by US$382 million (2.5 percent) from the end-September 2017 level of US$15.0 billion as disbursements exceeded principal repayments.

Year-on-year, a growth in the portfolio of US$2.9 billion was noted as disbursements outpaced repayments by US$2.9 billion.

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 75.9 percent of total.

The bulk of outstanding loans went to the following resident industries: towing, tanker, trucking and forwarding (23.5 percent); merchandise and service exporters (21.4 percent); public utility firms (11.1 percent); producers/manufacturers, including oil companies (4.3 percent).

Gross disbursements during the reference quarter reached US$15.8 billion and were 9.7 percent higher than the previous quarter's figure. Loan repayments were likewise higher by 15.0 percent but still lower than disbursements, resulting in overall net disbursements of US$380 million.

FCDU deposit liabilities likewise grew by US$142 million to US$39.2 billion from last quarter's US$39.1 billion level, with the bulk (97.4 percent) continuing to be held by residents.

The overall loan-to-deposit ratio improved to 39.2 percent from 38.4 percent a quarter ago with the larger expansion in loan portfolio vis-a-vis FCDU deposits. View Table

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