Loans under the peso rediscount facility of the Bangko Sentral ng Pilipinas (BSP) posted a 37.1-percent decline in August this year.
In a statement on Monday, the BSP said that under the peso rediscount facility, total availments of commercial, rural and thrift banks amounted to P15.9 billion for the period of January 1 to July 31, 2013. It was lower compared to the P25.3 billion total in the same period last year.
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