As of end-June 2004, total ALs (inclusive of subsidiaries) expanded to P48.1 billion or by 0.8 percent or P0.4 billion from P47.7 billion last quarter and by 7.8 percent or 3.5 billion from P44.6 billion a year ago. The ratio of total ALs to total loan portfolio (TLP), exclusive of interbank loans was maintained at 2.9 percent from last quarter but slightly higher compared to 2.8 percent a year ago.
TBs remained the major provider of ALs as it held 71.4 percent of total ALs, of which 59.8 percent came from financial institution linked TBs and 11.6 percent came from non-linked TBs. U/KBs (bank proper) held the remaining 28.6 percent, of which 26.6 percent came from domestic U/KBs and 2.0 percent came from foreign U/KBs (branches and subsidiaries).
The ratio of past due ALs to total ALs was the same as in the previous quarter at 6.3 percent, an improvement from year ago’s 6.5 percent ratio. The year-on-year improvement came about as the 7.8 percent growth in total ALs surpassed the 4.8 percent rise in past due ALs. Meanwhile, the ratios of past due ALs to NPL and past due ALs to TLP, net of interbank loans remained unchanged at 1.0 percent and 0.2 percent, respectively, in the three periods.