The Central Bank of the Philippines published data showing foreign currency deposit unit (FCDU) loans fell by 5.0 percent in the third quarter of 2025 to USD 15.13 billion, down USD 802.09 million from USD 15.93 billion in the previous quarter. Of total outstanding loans, USD 9.59 billion (63.4 percent) were extended to Philippine-based borrowers, with the remainder going to non-residents. Among Philippine-based borrowers, merchandise and service exporters accounted for USD 2.51 billion (26.2 percent), towing, tanker, trucking, forwarding, personal and other industries for USD 2.05 billion (21.4 percent), and power generation companies for USD 1.71 billion (17.8 percent). Medium- to long-term loans (maturities over one year) comprised 79.8 percent of outstanding FCDU loans, up from 79.0 percent in the prior quarter. As of end-September 2025, outstanding loans reflected USD 9.77 billion in new loans and USD 10.56 billion in loan payments during the quarter; year on year, FCDU loans declined by 3.9 percent despite a 5.7 percent increase in foreign currency deposits to USD 60.73 billion from USD 57.46 billion.
Central Bank of the Philippines 2025-12-29
Central Bank of the Philippines reports third-quarter 2025 decline in foreign currency deposit unit loans to USD 15.13 billion
The Central Bank of the Philippines reported a 5.0% decline in foreign currency deposit unit (FCDU) loans to USD 15.13 billion in Q3 2025, with USD 9.59 billion extended to Philippine-based borrowers. Medium- to long-term loans accounted for 79.8% of outstanding FCDU loans. Despite a 5.7% increase in foreign currency deposits to USD 60.73 billion, FCDU loans decreased by 3.9% year-on-year.