Credit card receivables (CCRs) of universal/commercial banks (U/KBs) and thrift banks (TBs), inclusive of credit card subsidiaries, stood at P96.4 billion as of end-March 2007. This was lower by 3.2 percent than last quarter’s P99.6 billion but higher by 22.3 percent than year ago’s P78.8 billion. Meantime, the proportion of CCRs to total loan portfolio (TLP), net of interbank loans, settled at 5.0 percent, down from last quarter’s 5.1 percent but up from year ago’s 4.5 percent ratio.
These CCRs were mostly current in status, except for some P13.7 billion which were past due. The proportion of past due CCRs to total CCRs stood favorably lower at 14.2 percent as against the previous quarter’s 16.4 percent and year ago’s 20.0 percent ratio. The easing of the past due ratio from last quarter was a result of the 16.1 percent decline in past due CCRs which outweighed the decline in total CCRs.
Past due CCRs represented 8.9 percent (vs. 9.5 percent last quarter and 8.2 percent a year ago) of the total non-performing loans (NPL) of both U/KBs and TBs. On the other hand, the ratio of past due CCRs to TLP remained at less than a one percent in the three comparative periods.
U/KBs held the biggest share of total CCRs at 79.6 percent. Credit card and TB subsidiaries of U/KBs distantly followed at 15.4 percent while the non-U/KB affiliated TBs held the balance of 5.0 percent.