TOTAL loans availed of by thrift and rural banks under the peso rediscount facility of the central bank plunged nearly 94 percent in the first 10 months of the year from a year ago amid ample liquidity in the financial system.
Borrowings by thrift and rural banks under the rediscount facility dropped by 93.6 percent to P1.1 billion from January to October compared to P17.5 billion a year earlier, data released on Monday by the Bangko Sentral ng Pilipinas (BSP) showed.
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