There was continued growth in the CCRs of the banking industry. As of 30 September 2003, the combined CCRs of U/KBs and TBs inclusive of their credit card subsidiaries grew by 4.3 percent or P2.2 billion and by 0.2 percent or P0.1 billion to P51.7 billion from last quarter and a year ago, respectively. Total CCRs stayed at 3.1 percent of total loan portfolio (TLP), net of Interbank Loans (IBL) from a quarter ago but was slightly lower by 0.1 percentage point from a year ago.
Meanwhile, past due level was up by 7.9 percent or P0.7 billion and 7.1 percent or P0.6 billion to P9.3 billion from last quarter and same period last year, respectively. Thus, past due ratio went up by 0.6 percentage point from last quarter to 18.0 percent and by 1.2 percentage points from a year ago.
Past due CCRs to non-performing loans increased slightly by 0.3 percentage point to 3.2 percent from 2.9 percent last quarter and same period a year ago. Similarly, past due CCRs to TLP (net of IBL) went up by 0.1 percentage point to 0.6 percent from 0.5 percent last quarter and same period last year.
U/KBs remained the biggest players in the credit card business. U/KBs (bank proper) accounted for 72.4 percent of total CCRs while credit card subsidiaries’ share was at 23.3 percent. TBs accounted for the remaining 4.3 percent.