Live Breaking News & Updates on Peso Rediscount Facility
Stay updated with breaking news from Peso rediscount facility. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rediscount facility left untouched - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Rediscount facility untapped in Jan. - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
MANILA - Banks took out lower peso-denominated rediscounting loans in the first nine months this year amounting to PHP6.12 million compared to the same period in 2020, the Bangko Sentral ng Pilipinas (BSP) reported. Data released by the central bank on Monday showed that end-September 2021 total availments under the Peso Rediscount Facility (RRF), which currently has a 2.5 percent rate, is way lower than the PHP26.9 billion year-ago. "These availments represent the rediscount of Production Credits that financed industrial processing (65.35 percent); and Other Credits that funded capital asset expenditures (24.81 percent) and permanent working capital (9.84 percent)," the BSP report said. However, there was no availment under the Exporters Dollar and Yen Rediscount Facility (EDYRF) during the same period, it said. BSP said the last time the EDYRF was tapped by banks was in 2016, through a US dollar-denominated rediscounting loan. Its rediscounting facilities aim to provide a b ....
Rediscount facility untapped for eighth month in a row bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published March 10, 2021, 2:57 PM The central bank said its rediscounting facility has zero releases for the first two months of 2021 for both the peso and foreign currency-denominated windows because banks are still awash with cash and not lending. “The Bangko Sentral ng Pilipinas (BSP) updates the public that the applicable rediscount rate for the month of March 2021 on loans under the Peso Rediscount Facility (PRF) remains at 2.50 percent, regardless of maturity,” the BSP said in a statement Wednesday. The rediscount rates on loans under the Exporters’ Dollar and Yen Rediscount Facility (EDYRF) are set at 2.18838 percent for US Dollar and 1.91800 percent for Japanese Yen, regardless of maturity, the BSP added. ....