Tag page - FCDU

Loans issued by foreign currency deposit units (FCDU) of banks increased modestly to $15.8 billion as of end-December 2024 as disbursements exceeded principal repayments, data from the Bangko Sentral ng Pilipinas (BSP) showed. The increase in the last quarter of 2024 was $72.4 million or...

The Bangko Sentral ng Pilipinas (BSP) will relax and further streamline its rules on foreign currency denominated transactions for banks’ effective risk controls, but are limiting the foreign currency deposit unit (FCDU) functions for certain banks such as digital and smaller banks. FCDUs are...

Banks’ foreign currency deposit unit (FCDU) loans declined to $17.3 billion as of end-September, down by 3.9 percent from the previous quarter’s $18 billion. On a year-on-year basis, FCDU loans fell by 3.1 percent from $17.8 billion, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno...

Banks’ foreign currency deposit units (FCDUs) totaled $18 billion as of end-June, down by 1.7 percent or $303 million compared to the previous quarter’s $18.3 billion with principal payments still exceeding disbursements, the Bangko Sentral ng Pilipinas (BSP) said. (Ali Vicoy/Manila Bulletin)...