Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Bangko Sentral ng Pilipinas : BSP Rediscount Rates for August 2013

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/12/2013 | 10:04am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:01p KUWAIT INTERNATIONAL BANK KSCP : KIB concludes sponsorship of 8th Kuwait Open Tennis Tournament
01:01p BURGAN BANK : ’s AGM and Shafafiyah Forum to be held on March 29
01:00p QATAR ISLAMIC BANK Q : AAB announces new brand campaign
01:00p OOREDOO : Nojoom programme launches Seib Insurance offer
12:53p CHAOWEI POWER : Announcements and Notices - Annual Results Announcement for the Year Ended 31 December 2016
12:52p OPEC, non-OPEC committee recommends extending output cut by six months
12:49p KANSAS CITY SOUTHERN : The Joplin Globe, Mo., Bill Caldwell column
12:48p RE/MAX : Powerhouse real estate agent has made her mark
12:47p ARAB FINANCIAL INVESTMENT : socio-economic development highlighted
12:46p NATIONAL BANK OF KUWAIT SAKP : Development projects..key to achieve Kuwait's 2035 vision
Latest news
Advertisement
Hot News 
9.35%Infineon raises 2017 outlook on stronger automotive orders
-1.59%ANTHEM : Grilled as It Seeks to Save Cigna Deal
3.07%EXCLUSIVE - CHINA-BACKED FUND RELAUNCHES BID FOR U.S. CHIP DEAL APPROVAL : sources
2.89%British engineer Smiths posts higher first-half profit, reaffirms FY outlook
7.57%TOSHIBA : shares rise 6 percent after Effissimo increases stake
Most Read News
03/25DJOM ASSET MANAGEMENT : Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
03/25 SKANSKA : The latest tactic for Virginia's governor against the hated tunnel tolls? Public shaming.
03/25 WAL MART STORES : Ash Road and Old U.S. 20 intersection set for long summer of construction
12:16a NETDIMENSIONS : Intention to delist
02:08a TESCO : nearing deal with Serious Fraud Office over accounting scandal - Sky
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
05:07aDJAPPLE : Bites Back With iPhone Court Win in China
02:08a TESCO : nearing deal with Serious Fraud Office over accounting scandal - Sky
03/25DJOM ASSET MANAGEMENT : Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
03/25DJALPHABET : Uber Suspends Self-Driving Vehicle Program After Accident -- Update