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U/KBs NPL Ratio Stands at 3.04 Percent in January

03.11.2011

As of end-January 2011, the non-performing loans (NPL) ratio of universal and commercial banks (U/KBs) stood at 3.04 percent, up by 0.16 percentage point from last month's 2.88 percent but down by 0.18 percentage point from year ago's 3.22 percent ratio. This is the twenty-eighth consecutive month that the NPL ratio has been below four percent.

The month-on-month movement occurred as the 1.84 percent increase in NPLs was accompanied by the 3.39 percent decline in total loan portfolio (TLP). NPLs grew to P82.29 billion from last month's P80.80 billion while TLP dropped to P2,707.43 billion from P2,802.29 billion.

Net of interbank loans, the NPL ratio rose to 3.27 percent from last month's 3.13 percent but improved from year ago's 3.70 percent ratio. The increase in the ratio from last month took place as the hike in NPLs came with the 2.68 percent fall in regular loans to P2,515.26 billion.

The restructured loans (RLs) to TLP ratio went up to 1.65 percent from last month's 1.56 percent but fell from year ago's 1.75 percent ratio. The month-on-month movement was fueled by the 2.02 percent rise in gross RLs to P44.96 billion.

Meantime, the real and other properties acquired (ROPA) to gross assets (GA) ratio climbed to 2.06 percent from last month's 1.99 percent but got better from year ago's 2.42 percent ratio. The month-on-month increase in the ratio occurred as the 0.27 percent reduction in ROPA to P124.38 billion was outweighed by the larger drop in GAs.

The non-performing assets (NPA) to GA ratio moved up to 3.43 percent from last month's 3.29 percent but improved from year ago's 3.94 percent ratio. The increase in the ratio from last month took place as the 0.56 percent hike in NPAs came with the drop in GAs. The NPA level stood at P206.67 billion, up from last month's P205.51 billion but down from year ago's P217.27 billion.

In terms of provisioning against bad loans, the NPL coverage ratio dropped to 117.27 percent from last month's 118.35 percent. On the other hand, the NPA coverage ratio strengthened to 60.12 percent from last month's 60.04 percent. Year-on-year, both NPL and NPA coverage ratios fared better than their reference ratios of 110.70 percent and 55.12 percent, respectively.

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