MANILA -- Bangko Sentral ng Pilipinas’ (BSP) Peso Rediscount Facility availments jumped 500.6 percent to PHP34.895 billion in the first two months of 2019 against PHP5.81 billion during the same period last year.
Data released by the BSP Tuesday showed that bulk or 57.97 percent was extended to Other Credits namely capital asset expenditures, 40.61 percent; permanent working capital, 11.92 percent; and loans to other services, 5.44 percent.
The balance is accounted for by commercial credits, 42.03 percent. Specifically, share of loans for importation is 31.18 percent while loans for trading goods is 10.85 percent of the total.
“There was no availment under the EDYRF (Exporters Dollar and Yen Facility) for the period ending 28 February 2019,” the BSP said.
In the same period last year, 71.86 percent of the Peso Rediscount Facility availments was extended to Other Credits namely capital asset expenditure, 67.78 percent; permanent working capital, 3.94 percent; housing, 0.09 percent; and other services, 0.05 percent.
The balance of 28.10 percent was extended to commercial credits while share of production credits is 0.04 percent.
EDYRF was not also tapped during the same period. (PNA)
