Latest

  • Banks’ foreign currency loans dip 0.8% in first quarter

    Banks’ foreign currency loans dip 0.8% in first quarter

    MANILA – Foreign currency-denominated loans extended by banks declined by 0.8 percent in the first quarter of the year, according to data released by the Bangko Sentral ng Pilipinas. The central bank said foreign currency deposit unit (FCDU) loans stood at USD15.44 billion at the end of the first quarter, down from USD15.56 billion in…