The Central Bank of the Philippines published first quarter 2026 data showing foreign currency deposit unit (FCDU) loans declined by 0.8 percent, or USD 122.25 million, to USD 15.44 billion from USD 15.56 billion in the previous quarter. Philippine-based borrowers accounted for USD 10.44 billion, or 67.6 percent, of outstanding loans, with the balance extended to non-residents. Among Philippine-based borrowers, the largest exposures were to merchandise and service exporters at USD 2.75 billion, towing, tanker, trucking, forwarding, personal and other industries at USD 2.51 billion, and power generation companies at USD 1.85 billion. Medium- to long-term loans with maturities of more than one year made up 77.1 percent of the total, down from 79.2 percent in the previous quarter. End-March outstanding loans reflected USD 8.25 billion in new lending and USD 8.36 billion in loan repayments during the quarter. FCDU loans are foreign currency-denominated loans extended by FCDUs of local banks or local branches of foreign banks authorized to engage in foreign currency transactions.
Central Bank of the Philippines2026-06-30
Central Bank of the Philippines reports first quarter FCDU loans fell 0.8 percent to USD 15.44 billion
The Central Bank of the Philippines reported that FCDU loans fell 0.8 percent in the first quarter of 2026 to USD 15.44 billion. Philippine-based borrowers accounted for 67.6 percent of the total, while loans with maturities of more than one year made up 77.1 percent. Outstanding balances reflected USD 8.25 billion in new loans and USD 8.36 billion in repayments during the quarter.