Credit card receivables (CCRs) of universal/commercial (U/KBs) and thrift banks (TBs) reached P76.1 billion as of end-September. These are 4.9 percent higher from the previous quarter and 21.9 percent bigger than last year. Thus, their ratio to the combined total loan portfolio of U/KBs and TBs increased to 4.4 percent from 4.0 percent last quarter and 3.7 percent a year ago.
These receivables are generally current, except for some P14.8 billion or 19.4 percent which were past due. This CCR past due ratio is slightly better than the 19.6 percent ratio in end-June 2005 and is much lower than the 22.5 percent ratio as of same period a year ago. This developed as the 3.8 percent increment in past due CCRs were negated by the 4.9 percent growth in CCRs for the quarter.
The P14.8 billion past due CCRs represent 7.2 percent of the total non-performing loans of both U/KBs/TBs (vs. 6.7 percent from last quarter and 4.8 percent same quarter a year ago). On the other hand, the ratio of past due CCRs to TLP remained less than a percent, i.e., 0.9 percent vs. 0.8 percent in end-June 2005 and end-September 2004.
U/KBs (bank proper) continue to account for the bulk (68.5 percent ) of total CCRs. Subsidiaries of U/KBs had the second largest share (27.9 percent).