Foreign currency deposit units (FCDU) loans went up by 0.6 percent in the second quarter of 2013 to reach $9.71 billion from the $9.65 billion recorded in the previous quarter, the Bangko Sentral ng Pilipinas (BSP) said.

“While loans disbursements increased by 50.5 percent due to the sustained positive business outlook, loan repayments similarly increased but at a higher rate [83.2 percent], resulting in net loan disbursements of only $65 million,” BSP Governor Amando Tetangco Jr. said in a statement.

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