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Other Consumer Loans Stand at P39.2 Billion in First Quarter 2010


As of end-March 2010, Other Consumer Loans (Other CLs) of universal/commercial banks (U/KBs) and thrift banks (TBs) amounted to P39.2 billion, down by 3.3 percent or P1.4 billion from last quarter but up by 5.9 percent or P2.2 billion from year ago. Meantime, the proportion of Other CLs to total loan portfolio (TLP), exclusive of interbank loans was maintained at 1.5 percent from last quarter and year ago.

Other CLs refer to loans granted to individuals to finance other personal and household needs such as purchase of household appliances, furniture and fixtures and/or to pay taxes, hospital and educational bills.

By industry, TBs held the larger share of the total Other CLs of the banking industry at 60.9 percent (P23.9 billion). U/KBs held the remaining 30.1 percent (P15.3 billion).

In terms of loan quality, the ratio of non-performing Other CLs to total Other CLs ratio of U/KBs and TBs climbed to 19.4 percent from last quarter and year ago’s 18.1 percent ratio. The ratio rose from last quarter as the hike in non-performing Other CLs accompanied the fall in Other CLs. The level of non-performing Other CLs stood at P7.6 billion, up by 3.6 percent from last quarter.

Meantime, the non-performing Other CLs to total non-performing loans (NPL) ratio stood at 5.8 percent (same as last quarter but up from 5.0 percent a year ago), whereas non-performing Other CLs to TLP ratio settled at 0.3 percent (same as last quarter and year ago). 

The quality of Other CLs of U/KBs was better than TBs as indicated by the following ratios of U/KBs: non-performing Other CLs to total Other CLs (16.6 percent), non-performing Other CLs to total NPLs (2.4 percent) and non-performing Other CLs to TLP (0.1 percent). TBs reported higher ratios of 21.2 percent, 18.5 percent and 1.6 percent, respectively.

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