LOANS extended by banks’ foreign currency deposit units (FCDUs) hit $15.669 billion in the second quarter, up from a year earlier but lower compared to the first three months of 2018, the Bangko Sentral ng Pilipinas (BSP) reported during the weekend.

FCDU loans during the comparable 2017 period totalled $14.001 billion and hit $16.359 billion in the first quarter of this year.

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