The Central Bank of the Philippines released data showing foreign currency deposit unit (FCDU) loans outstanding edged down by 0.2 percent quarter-on-quarter to USD 15.78 billion in the first quarter of 2025, alongside an increase in foreign currency deposits held in FCDUs to an all-time high of USD 58.92 billion as of end-March 2025. On a year-on-year basis, FCDU loans fell by 1.8 percent. Medium- to long-term loans accounted for 77.2 percent of the total, up slightly from 77.1 percent in the previous quarter. USD 9.91 billion of outstanding FCDU loans were extended to Philippine-based borrowers, led by merchandise and service exporters (USD 2.44 billion), towing, tanker, trucking, forwarding, personal and other industries (USD 2.11 billion), and power generation companies (USD 1.90 billion), with the remaining balance lent to non-residents. The end-March stock reflected USD 7.66 billion in new loans and USD 7.72 billion in loan payments received during the quarter, while foreign currency deposits rose 0.5 percent year-on-year from USD 58.61 billion.
Central Bank of the Philippines 2025-06-30
Central Bank of the Philippines reports a 0.2 percent quarterly dip in FCDU loans to USD 15.78 billion and record USD 58.92 billion foreign currency deposits
The Central Bank of the Philippines reported a 0.2% quarterly decline in foreign currency deposit unit (FCDU) loans to USD 15.78 billion in Q1 2025, while foreign currency deposits reached a record USD 58.92 billion. Year-on-year, FCDU loans decreased by 1.8%, with medium- to long-term loans comprising 77.2% of the total. Philippine-based borrowers accounted for USD 9.91 billion of the loans, mainly in export, transportation, and power sectors.