Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at $15.5 billion as of end-September 2023, an increase of $109 million or by 0.7 percent from the end-June 2023 level of $15.4 billion as disbursements exceeded principal repayments.
Year-on-year, outstanding FCDU loans decreased by about $164 million or by 1.0 percent from the end-September 2022 level of $15.7 billion.
As of end-September 2023, the maturity profile of the FCDU loan portfolio remained predominantly medium- to long-term, which comprised 77.6 percent of total, slightly lower than 78.3 percent from the previous quarter.
FCDU loans granted to residents stood at $9.4 billion or 60.6 percent of total outstanding FCDU loans, of which majority went to the following sector/industries: power generation companies; merchandise and service exporters; and towing, tanker, trucking, forwarding, personal and other industries.
Gross disbursements in the third quarter of 2023 reached $17.1 billion higher by 18.8 percent than the previous quarter’s $14.4 billion mainly due to the increase in funding requirements of a foreign bank branch affiliate.
Similarly, loan repayments in the reference quarter of $17.0 billion were 17.4 percent higher than previous quarter’s $14.4 billion. These resulted in overall net disbursement.
