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Year-on-Year Update on Thrift Banks' NPL Ratio Improves in April

07.24.2000

Loan quality of the thrift banking industry for the month of April 2000 deteriorated slightly as reflected by the non-performing loans (NPL) ratio which rose to 12.8 percent from 12.2 percent last month.  The 6.5 percent growth in NPLs, which stood at P16.6 billion (from P15.6 billion a month ago), overtook the 2.1 percent expansion in total loan portfolio from P127.6 billion to P130.3 billion.  Nevertheless, this month’s NPL ratio is still an improvement from 17.9 percent a year ago.           

The downsizing of loan loss reserves (LLRs) by 2.13 percent (from P 6.9 billion to P6.7 billion) even as NPLs rose by 6.5 percent pushed down the coverage ratio (LLR to NPL) to 40.5 percent from 44.1 percent last month.  This month’s coverage ratio, however, was still a significant recovery than last year’s coverage of 30.8 percent.  

Overall asset quality, likewise, weakened as reflected by the ratio of non-performing  assets (NPL + ROPOA (net) to Total Assets) which rose further to 17.0 percent from 16.3 percent a month ago due to the simultaneous increase in NPLs and bigger holdings of ROPOA-net which levelled at P19.4 billion from P18.9 billion last month.

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