Rediscounted rates on loans stable at 3.75% for October.

By bne IntelliNews October 15, 2012
Philippines rediscounted rates on loan availments by banking institutions remained stable at 3.75% per annum for all maturities for October this year, effective July 30. As reported by the Manila Times, for loans under the Exporters Dollar and Yen Rediscount Facility (EDYRF), the rates have been set at 0.21425% per annum and yen 0.13943% per annum for the period. Under the peso rediscount facility, total availments of commercial, rural and thrift banks amounted to PHP 32.761mn during the first nine months of the year, higher by 62.8% compared to the same period last year.

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