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Consumer Loans Reach P417 Billion in First Quarter 2010

06.04.2010

As of end-March 2010, the consumer loans (CLs) of universal/commercial banks (U/KBs) and thrift banks (TBs) reached P417.2 billion, up by 1.0 percent from last quarter’s P413.1 billion and by 8.1 percent from year ago’s P 385.8 billion. Meanwhile, the proportion of total CLs to total loan portfolio (TLP), exclusive of interbank loans rose to 16.4 percent from last quarter’s and year ago’s 15.2 percent ratio.

By type of CLs, Residential Real Estate Loans accounted for the bulk of total CLs at 40.3 percent (or P168.2 billion). Credit Card Receivables came second with a share of 26.4 percent (or P110.2 billion). Auto Loans and Other Consumer Loans followed with shares of 23.9 percent (or P99.6 billion) and 9.4 percent (or P39.2 billion), respectively.

By industry, U/KBs held the majority of the banking industry’s total CLs at 60.0 percent (P250.1 billion). TBs accounted for the balance of 40.0 percent (P167.0 billion).

As to loan quality, the ratio of non-performing CLs to total CLs of U/KBs and TBs went up to 9.4 percent from last quarter’s and year ago’s 9.0 percent ratio. The quarter-on-quarter movement transpired as the hike in non-performing CLs outpaced the growth in total CLs. Non-performing CLs stood at P39.4 billion, up by 5.7 percent or P2.1 billion from last quarter.

Meantime, the non-performing CLs to total non-performing loans (NPL) ratio stood at 29.9 percent (up from 29.2 percent last quarter and 26.2 percent a year ago), whereas non-performing CLs to TLP ratio settled at 1.5 percent (up from last quarter and year ago’s 1.4 percent).

View Table 1 | Table 2

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