As of end-September 2005, auto loans of universal/commercial (U/KBs) and thrift banks (TBs) stood at P59.9 billion. This is 3.1 percent higher than the P58.1 billion ALs the previous quarter and 21.2 percent larger than its year ago level. Consequently, its proportion to the combined loan portfolio of U/KBs and TBs slightly rose to 3.5 percent from 3.2 percent a month ago (vs. the 2.9 percent ratio last year).
The quality of these exposures continued to improve as indicated by the downtrend in the ratio of past due ALs to total ALs, i.e. to 4.8 percent from 5.1 percent last quarter and from 6.1 percent in the same quarter a year ago. On the other hand, the ratio of past due ALs to total TLP U/KBs and TBs was maintained at 0.2 percent for the last three consecutive quarters. Meanwhile, this quarter’s ALs represents 1.5 percent of the reported non-performing loans of U/KBs and TBs as of end-September 2005 (vs. 1.4 percent last quarter and 1.0 percent the previous year).
TBs maintained their lead over U/KBs in the automobile sector. They accounted for the 66.1 percent of the total ALs. Meanwhile, the remaining balance represents exposures of U/KBs.