The value of foreign currency denominated loans in 2015 was virtually unchanged from a year earlier due to foreign exchange adjustments that offset disbursements made last year, the central bank reported.
According to data released by the Bangko Sentral ng Pilipinas (BSP) on Friday, loans of local banks’ foreign currency deposit units (FCDU) totaled $12.194 billion in 2015, an increase of just 0.1 percent from the $12.181 billion FCDU loans recorded in 2014.
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