Foreign currency deposit unit (FCDU) loans rose 0.9 percent to $15.93 billion in the second quarter of 2025 from $15.78 billion in the previous quarter, the Bangko Sentral ng Pilipinas (BSP) said.
The year-on-year growth for FCDU loans was 1.9 percent, which came alongside a 10-percent increase in deposits in foreign currencies, which reached $60.67 billion from $55.16 billion.
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The BSP said of the total outstanding loans at the end of the second quarter, $10.12 billion, or 63.5 percent, was extended to Philippine-based borrowers, with the remainder going to non-residents.
It said the largest shares of outstanding loans to Philippine-based borrowers were merchandise and service exporters ($2.52 billion, or 24.9 percent); towing, tanker, trucking, forwarding, personal and other industries ($2.22 billion, or 22.0 percent); and power generation companies ($1.89 billion, or 18.7 percent).
Most loans were medium- to long-term, with maturities over one year, accounting for 79.0 percent of the total, up from 77.2 percent in the previous quarter.
The BSP said that as of end-June 2025, outstanding loans reflected $6.76 billion in new loans and $6.64 billion in loan payments made during the reference quarter.
FCDU loans are foreign currency-denominated loans extended by FCDUs of local banks or local branches of foreign banks authorized by the BSP to engage in foreign currency transactions.
These loans support economic activities that require foreign exchange, such as importers, businesses and individuals with foreign currency transactions.
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