Still on an upward trend, auto loans (ALs) stood at P144.8 billion by end-March 2012 from P139.2 billion last quarter and P124.2 billion a year ago. However, it may be noted that while the level of ALs increased, the growth rate slowed down for both quarterly (4.1 percent from 4.8 percent) and annual (16.6 percent from 18.3 percent) comparisons.
Including bank subsidiaries, ALs reached P145.1 billion as of end-March 2012, P5.7 billion (4.1 percent) more than last quarter’s P139.4 billion and P20.7 billion (16.6 percent) higher than year ago’s P124.4 billion.
Universal/commercial banks (U/KBs) accounted for the lion’s share of ALs’ growth, representing 54.4 percent (P3.1 billion) of total ALs’ quarter-on-quarter expansion and 68.2 percent (P14.1 billion) of total ALs’ year-on-year increase. Meanwhile, the subsidiaries of U/KBs held 41.9 percent (P2.4 billion) of this quarter’s hike and 30.1 percent (P6.2 billion) of the increment from year ago’s figures. Together, they contributed 96.3 percent (P5.5 billion) and 98.2 percent (P20.3 billion) of the increase in ALs from last quarter and year ago, respectively. On the other hand, stand-alone thrift banks (TBs) pitched in 3.7 percent (P0.2 billion) of the quarter-on-quarter growth and 1.8 percent (P0.4 billion) of the year-on-year rise in ALs.
Consolidated figures reveal that the non-performing ratios were maintained at last quarter’s figures with non-performing ALs to total ALs ratio at 4.3 percent, non-performing ALs to total non-performing loans ratio at 4.5 percent and non-performing ALs to total loan portfolio ratio at 0.2 percent.
View Table 1 | Table 2