Credit card receivables (CCRs) of universal/commercial banks (U/KBs) and thrift banks (TBs) settled at P81.9 billion as of end-June 2006. The sum is 3.9 percent higher than last quarter’s P78.8 billion, and represents a 12.9 percent expansion from year ago’s P72.6 billion. The proportion of CCRs to the combined total loan portfolio (TLP) of U/KBs and TBs (exclusive of interbank loans) perched at 4.5 percent, same as last quarter’s ratio, but registered higher than year ago’s 4.0 percent ratio.
These receivables were generally current in status, except for some P15.7 billion or 19.2 percent which were past due. The CCR past due ratio eased from the previous quarter’s 20.0 percent and year ago’s 19.6 percent ratio. The improvement in ratio from last quarter was driven by the growth in CCRs and the containment of past due CCRs in the two comparative quarters.
The P15.7 billion past due CCRs represented 8.5 percent of the total non-performing loans (NPL) of both U/KBs/TBs (vs. 8.2 percent last quarter and 6.7 percent a year ago). On the other hand, the ratio of past due CCRs to TLP remained less than a percent in the three comparative periods.
The U/KBs (bank proper) still had the biggest exposures at 72.0 percent share of total CCRs. Credit card subsidiaries of U/KBs followed with a 24.4 percent share of total CCRs, and the stand-alone TBs held the balance of 3.6 percent.