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Update on Thrift Banks' NPLs

09.28.2000

The industry’s loan quality improved slightly during the month as the ratio of non-performing loans declined to 11.63 percent of total loan portfolio from 11.8 percent last month and 16.7 percent a year ago.  Non-performing loans (NPLs) marginally went down by P70.1 million or 0.05 percent from P15.4 billion while TLP grew by P864.0 million or 0.7 percent from P130.5 billion to P131.4 billion.  Net of IBL, the NPL ratio also inched down to 12.06 percent from 12.09 percent.

 The slight decrease in the loan loss reserves by 0.8 percent for the month caused the coverage ratio (loan loss reserves to NPL) to recede to 44.1 percent from 44.3 percent.  Meanwhile, restructured loans contracted by 0.1 percent with RL levels remaining constant at 1.7 percent throughout the period under review.  Holdings of ROPOA-net which increased by 0.5 percent from P19.2 billion to P19.3 billion was overtaken by the 4.0 percent rise in total assets.  This trimmed down ROPOA-net to 8.8 percent of total assets from 9.1 percent.

Non-performing assets (NPAs), composed of NPLs and ROPOA-net, increased by 0.1 percent from P34.59 billion to P34.62 billion on account of the 0.5 percent rise in ROPOA-net.  Overall asset quality was, however, slightly upgraded as shown by the decline in the ratio of non-performing assets (NPAs) to total assets to 15.8 percent from 16.4 percent a month ago as the asset increment of 4.0 percent outstripped the 0.1 percent hike in NPAs.

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