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Updates on Commercial Banks' Auto Loans and Credit Card Operations

07.20.2000

Outstanding auto loan (AL) exposures of commercial banks stood unchanged at the end-March 2000 at P8.7 billion.  Compared with the year ago level of P9.9 billion auto loan markedly declined by 12.1 percent as public’s demand wavered largely due to spiraling prices of motor vehicles.  Auto loans comprised a mere 0.6 percent of the industry’s total loan portfolio. 

Past due ALs which increased to 16.5 percent this quarter from 16.3 percent last quarter accounted for only 0.7 percent of the industry’s total non-performing loans (NPLs).   Nevertheless, this was higher than the overall industry NPL of 14.06 percent. 

Meanwhile, credit card receivables (CCRs) peaked at P21.0 billion this quarter, up by 14.4 percent and 26.4 percent from P18.4 billion the previous quarter and P16.6 billion from a year ago, respectively.  This quarter’s CCR rose to 1.4 percent of TLP, from 1.2 percent a quarter ago due mainly to a lower TLP.    

Past due CCRs were significantly reduced in March 2000 to 19.2 percent of total ALs from 22.7 percent a quarter ago.

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