Loans under the peso rediscount facility of the Bangko Sentral ng Pilipinas (BSP) posted a 44.1-percent decrement as total availments of commercial, rural and thrift banks dropped to P16,409 million for the period of January to end-August 2013.
In a statement on Tuesday, the BSP said that the figure was lower compared to the P29,349 million total in the same period last year.
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