BSP’s rediscounting loans hit P15.3 billion in 10 monthsFor October alone, the central bank extended P3.7 billion worth of rediscount loans. MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended peso rediscount loans amounting to P15.3 billion to big banks from January to October to finance capital asset expenditures. For October alone, the central bank extended P3.7 billion worth of rediscount loans. The applicable rediscount rate on loans under the peso rediscount facility was set at 5.6701 percent for loans with a loan maturity of up to 90 days and 6.5902 for 180 days for November. Data released by the central bank showed total availments of banks against their rediscounting loans reached only P6.12 million for loans under the peso rediscount facility in 2021 compared to the previous year’s P26.9 billion.

Source: Philippine Star November 08, 2022 05:20 UTC