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Update on Thrift Banks' Exposure to Real Estate Loans

10.18.2001

The real estate loan (REL) 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 P34.3 billion as of June 30, 2001.  This was lower by 1.4 percent but higher by 15.0 percent from outstanding levels of the previous quarter and last year, respectively.  Real estate loans of the industry (bank proper and trust department) stood at 24.2 percent of total loan portfolio (TLP) of thrift banks compared to previous quarter’s 24.8 percent and 22.6 percent a year ago.  RELs of bank proper accounted for 99.2 percent of the industry’s total REL exposure.

Delinquency level  slightly increased as past due portion of real estate loans this quarter rose to  12.1 percent of TLP as against the previous quarter’s 11.5 percent. 

On a regional basis, REL exposure in NCR-Metro Manila was highest at 74.2 percent.  By purpose, the biggest REL allocation went to acquisition of residential property at 53.0 percent of total.   

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