As of end-June 2004, total CCRs (inclusive of credit card subsidiaries) of the banking industry amounted to P59.7 billion, higher by 3.4 percent or P1.9 billion compared to last quarter’s P57.7 billion and by 20.5 percent or P10.1 billion from year ago level of P49.5 billion. The ratio of total CCRs to total loan portfolio (TLP), exclusive of interbank loans remained unchanged at 3.5 percent from last quarter but higher compared to year ago’s 3.1 percent.
Foreign U/KBs held the majority at P29.9 billion or 50.2 percent of total CCRs. Domestic U/KBs was a close second at P27.5 billion or 46.0 percent. Non-linked TBs accounted for the balance at P2.3 billion or 3.8 percent.
The combined past due CCRs of U/KBs and TBs (bank proper and subsidiaries) grew by P0.2 billion to P14.0 billion from P13.8 billion last quarter and by 62.6 percent or P5.4 billion from P8.6 billion a year ago. The ratio of past due CCRs to total CCRs improved to 23.5 percent or by 0.4 percentage point from 23.9 percent last quarter. This developed as the 3.4 percent growth in total CCRs outpaced the 1.6 percent rise in past due CCRs. Nonetheless, this quarter’s past due CCR ratio was higher by 6.1 percentage points compared to year ago’s 17.4 percent.
Past due CCRs to NPLs ratio stood at 4.8 percent (up from 4.7 percent last quarter and from 2.9 percent a year ago), whereas the ratio of past due CCRs to TLP, net of interbank loans settled at 0.8 percent (same ratio as in the last quarter but up from 0.5 percent a year ago).