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Update on Thrift Banks' Exposure to Real Estate Loans

03.05.2001

The real estate loan exposure of the thrift banking industry comprised of Savings and Mortgage Banks (SMBs), Private Development Banks (PDBs) and Stock Savings and Loan Associations (SSLAs) stood at P32.7 billion as of September 30, 2000. This represented an increase of 9.8 percent and 11.1 percent from outstanding levels the previous quarter and last year. Real estate lendings (RELs) cut a bigger portion of the industry’s total loans this quarter at 24.5 percent from 22.6 percent in last quarter and 21.5 percent a year ago. Past due portion of RELs followed a downtrend from 17.6 percent a year ago to 12.9 percent last quarter and 11.7 percent this quarter as levels of past due RELs dropped throughout the period under review even as RELs expanded. Bulk or 74.8 percent of the industry’s exposure was accounted for by Savings and Mortgage Banks (SMBs). Private Development Banks (PDBs) shared 21.1 percent and SSLAs 4.1 percent, respectively.

On a regional basis, NCR-Metro Manila held the bulk or 75.8 percent of the industry’s total REL exposures. By purpose, the biggest REL allocation went to acquisition of residential property at 46.7 percent of total.

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