Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Bangko Sentral ng Pilipinas : BSP Rediscount Rates for August 2013

08/12/2013 | 04:04am US/Eastern

08.12.2013

The BSP announced today the rediscount rates applicable on loan availments by banking institutions for August 2013.

For loans under the Peso Rediscount Facility, the BSP Peso Rediscount Rate is 3.50 percent p.a. for all maturities. This has been in effect since 29 October 2012 in line with the Monetary Board (M.B.) policy decision to reduce policy rates at its 25 October 2012 meeting.  The M.B. decided to maintain the same during its last policy meeting on 25 July 2013. The Peso Rediscount Rate is based on the applicable BSP overnight reverse repurchase rate per Circular No. 679 dated 01 February 2010. 

Meanwhile, for loans under the Exporters Dollar and Yen Rediscount Facility (EDYRF), the rates for the month of August are as follows:

Dollar        0.18673 percent p.a.
Yen            0.11571 percent p.a.

The EDYRF rediscount rates are based on the respective London Inter-Bank Offered Rate (LIBOR) as of 31 July 2013.

Under the Peso Rediscount Facility, total availments of commercial, thrift and rural banks amounted to P15,908 million for the period 01 January to 31 July 2013, 37.1 percent lower than the P25,295 million total in the same period last year. Of the availments for the period, 82.3 percent went to commercial credits, 2.8 percent to agricultural and industrial credits, and 14.9 percent to other credits consisting of CAPEX (7.5 percent), other services (6.7 percent), permanent working capital (0.6 percent) and housing (0.1 percent).

Under the EDYRF, aggregate dollar availments of seven commercial banks and a thrift bank for the period 01 January to 31 July 2013 amounted to US$84.0 million and benefitted 29 exporters. This represents a 24.0 percent decrease in availments compared to the US$110.5 million grants for the same period last year.

On the other hand, there was no Yen-denominated availment under the EDYRF for the period 01 January to 31 July 2013.


distributed by
React to this article
Latest news
Date Title
05:17p B2GOLD : Otjikoto Gold Mine opens in June
05:15p FORD MOTOR : Used 5R55N Transmissions Now Listed for Sale in Ford Inventory at Powertrain Company Website
05:10pDJCONTACT ENERGY : To Return NZ$367 Million To Shareholders Through Special Dividend
05:08p Amazon changes tax practices in Europe as investigations continue - WSJ
05:07p ALIBABA'S LATEST GAMBIT IN FIGHTING FAKES : foster local brands
05:07p NATIONAL BANK OF ABU DHABI : to arrange USD 400mln-loan for Kuwait Airways Corp.
05:05p High European patent fees will hit start-ups - EU industry chief
05:05p ALIBABA'S LATEST GAMBIT IN FIGHTING FAKES : foster local brands
05:05p THRACE PLASTICS : Announcement for the Purchase of Own Shares
05:05p THRACE PLASTICS : Announcement of Q1 2015 Key Financial Figures -Financial Release Date
Latest news
Advertisement
Hot News 
AMUR MINERALS : Kun-Manie Production Licence Awarded
CTRIP : Expedia Announces eLong Transaction
HAVELOCK EUROPA : Looks to the Future of Manufacturing in Fife
MIKRON : visiting a great British dish and a national institution ; DRAMA
SOITEC : Frances Soitec to sell solar activities to ConcenSolar
Most Read News
05/23 FIAT CHRYSLER CEO APPROACHED GM ABOUT A MERGER, WAS REBUFFED : Nyt
05/23 MANCHESTER UNITED : Premier League fans’ verdicts part 1: Arsenal to Manchester City
05/23 SPEEDWAY MOTORSPORTS : Tom Talks: This isn't my first rodeo
05/23 Daimler and Qualcomm to develop in-car tech, wireless charging
05/23 JUMA TECHNOLOGY : The Friday rush to be devout Muslims
Most recommended articles
05:10pDJCONTACT ENERGY : To Return NZ$367 Million To Shareholders Through Special Dividend
05:08p Amazon changes tax practices in Europe as investigations continue - WSJ
05:07p ALIBABA'S LATEST GAMBIT IN FIGHTING FAKES : foster local brands
05:05p High European patent fees will hit start-ups - EU industry chief
05:05p ALIBABA'S LATEST GAMBIT IN FIGHTING FAKES : foster local brands