Commercial banks exposure to auto loans (ALs) and credit card receivables (CCRs) in the second quarter followed a downtrend. Auto loans stood at P8.5 billion lower by 2.3 percent from a quarter ago and 11.8 percent a year ago. Credit card receivables similarly declined from P21.0 billion last quarter to P18.4 billion for a bigger contraction of 12.5 percent. At this quarter’s level, ALs remained at 0.6 percent of total loan portfolio (TLP) while CCRs dropped to 1.2 percent of TLP from 1.4 percent a quarter ago.
Noteworthy, the past due portion of ALs decreased to 14.5 percent of total ALs this quarter from 16.5 percent last quarter. This accounted for 0.5 percent of the industry’s total non-performing loans (NPLs).
On the other hand, past due CCRs again rose to 21.2 percent from 19.2 percent last quarter as the 12.5 percent contraction in CCRs overtook the 3.5 percent drop in past due CCRs. The CCR past due ratio was however, lower than the year-ago level of 24.4 percent.