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Consumer Loans Hit P564 Billion in the First Quarter


March 2012 ended with consumer loans (CLs) at P563.8 billion, P18.0 billion (3.3 percent) more than last quarter and P82.7 billion (17.2 percent) higher than year ago.  The quarter-on-quarter growth was a result of the P11.9 billion increase in the CLs of universal/commercial banks (U/KBs) to P362.9 billion, which accounted for 66.0 percent of the expansion in total CLs.  Thrift banks (TBs) likewise contributed to the expansion, pitching in 34.0 percent after increasing by P6.1 billion (3.1 percent) to P201.0 billion.  Meantime, total CLs to total loan portfolio (TLP) rose to 16.3 percent from last quarter’s 15.7 percent ratio but dipped slightly from year ago’s 16.4 percent ratio.

By type of bank, the majority of CLs still came from U/KBs, accounting for 64.4 percent (P362.9 billion) share of total CLs while the balance of 35.6 percent (P201.0 billion) were provided by TBs.

 In terms of loan quality, result of non-performing CLs was mixed. At P38.4 billion, it was higher than last quarter’s P37.5 billion but better than year ago’s P38.9 billion. However, because total CLs outpaced the growth of non-performing CLs, the non-performing CLs to total CLs ratio eased to 6.8 percent at end-March 2012 from last quarter’s 6.9 percent. Similarly, non-performing CLs to total non-performing loans (NPLs) fared better at 29.0 percent against last quarter’s 29.2 percent.  For the non-performing CLs to TLP ratio, last quarter’s ratio was maintained at 1.1 percent.

 By type of bank, U/KBs performed better than TBs in terms of the non-performing CLs to total NPLs ratio, registering 24.6 percent against the TBs’ 46.8 percent.  The same is true with the non-performing CLs to TLP ratio where U/KBs posted a 0.9 percent ratio as opposed to the TBs’ 3.1 percent ratio.  It is only in the non-performing CLs to total CLs that TBs (6.1 percent) had a better ratio than U/KBs (7.2 percent).

View Table 1  |  Table 2

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