As of end-September 2010, the credit card receivables (CCRs) of universal/commercial banks (U/KBs) and thrift banks (TBs), inclusive of credit card subsidiaries amounted to amounted to P133.9 billion, down by 1.4 percent from last quarter’s P135.9 billion but up by 2.9 percent from year ago’s P130.2 billion. Meanwhile, the ratio of total CCRs to total loan portfolio (TLP), exclusive of interbank loans slid to 4.8 percent from last quarter’s 5.0 percent and year ago’s 5.2 percent ratio.
By main group, U/KBs accounted for 83.2 percent (or P111.4 billion) of total CCRs. Credit card subsidiaries of U/KBs held 16.6 percent or P22.3 billion. TBs that are not affiliated with U/KBs accounted for only 0.2 percent or P0.3 billion.
On the quality of CCRs, the ratio of non-performing CCRs to total CCRs, inclusive of credit card subsidiaries stood at 13.5 percent, easing from last quarter’s 13.7 percent but up from year ago’s 12.8 percent ratio. The improvement from last quarter stemmed from the decline in non-performing CCRs by 2.7 percent to P18.1 billion.
Meantime, the non-performing CCRs to total non-performing loans (NPLs) ratio stood at 13.0 percent (easing from 13.3 percent last quarter but up from 12.3 percent a year ago), whereas non-performing CCRs to TLP ratio settled at 0.6 percent (easing from last quarter’s and year ago’s 0.7 percent ratio).
The ratio of non-performing CCRs to total CCRs of TBs that are not affiliated with U/KBs at 5.1 percent was better than the 13.5 percent posted by U/KBs with subsidiaries.