The frenzy of the plague has also reduced demand for local companies dollar loans.

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The frenzy of the plague has also reduced demand for local companies dollar loans.

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Uncertainty in the full extent of the adverse effects of the สมัคร slotxo epidemic on the economy resulted not only But the loans are in less peso denominated by Philippine banks. But fewer dollar-denominated borrowers are also available in local markets, according to the latest data from the central bank.In a statement to Bangko Sentral ng Pilipinas, Governor of Pilipinas said that at the end of December 2020, outstanding loans received from the bank's foreign currency deposit unit were $ 16.7 billion, well below $ 614 million, or 3.6 percent of the level. End of September 2020 $ 17.3 billion due to repayment of principal in excess of disbursement.

On an annual basis, loan outstanding fell $ 1.4 billion, or down 7.7% from the end of December 2019 at $ 18 billion.The decline in credit [The dollar] could be attributed to tighter credit standards as well as lower working capital requirements due to the slowing economy, ”said the central bank chef.Most are medium to long term.As of the end of December 2020, the bank's dollar portfolio's maturity profile remains largely medium to long-term debt or repaid for over a year, which is 80 percent of the total,

slightly higher than 79 percent. As of the end of December 2019 From 67 percent outstanding loans to residents, 40 percent to electricity companies (17.9 percent); Exporters of goods and services (14.2 percent) and utility companies (7.9 percent).Gross disbursement in the fourth quarter of 2020 reached $ 13.9 billion and was 13.9 percent higher than the previous quarter figure due to rising capital needs of foreign bank branch affiliates.Likewise, loan payments of more than 12.4 percent resulted in total net repayments.


Up year by year

The bank's foreign currency unit deposit debt was $ 45.1 billion at the end of December 2020, down $ 890 million, or 1.9 percent, from the end of September 2020 at $ 46 billion.Of these, 97.5 percent still belongs to residents, essentially adding an additional buffer to the primary international reserve.Year on year, bank deposit debt increased $ 4 billion, or 9.7 percent, from the end of December 2019 at $ 41.1 billion.The outlook for banks' dollar borrowing reflected their peso lending action, showing a third straight month of declines in underwriting loans as of the month. February 2021 According to the central bank, international bank outstanding loans and commercial banks net of short-term deposits with regulators fell 2.7 percent year-on-year in February after a 2.5 percent drop in January.
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