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Update on NPLs/NPAs of Universal and Commercial Banks as of January 2004

03.18.2004

The industry’s NPL (non-performing loans) ratio in January 2004 increased by 0.42 percentage point to 14.47 percent from 14.05 percent the previous month. This, however, was lower by 0.65 percentage point from the 15.12 percent ratio a year ago. Likewise, the NPL ratio, net of interbank loans, went up by 0.43 percentage point to 17.10 percent from 16.67 percent last month but was lower by 0.12 percentage point from 17.22 percent ratio last year. This developed as the 0.3 percent (or P0.66 billion) increase in NPLs was accompanied by a 2.7 percent (or P46.37 billion) decrease in total loan portfolio.

The industry continued to foreclose on collaterals in settlement of loan as indicated by the 0.4 percent (or P0.75 billion) increase in ROPOA from last month. Accordingly, the ratio of ROPOA to gross assets rose to 5.96 percent from 5.85 percent.

The NPA (non-performing assets) ratio, likewise, increased by 0.24 percentage point to 13.09 percent from 12.85 percent last month. This was mainly due to the 1.5 percent (or P52.80 billion) contraction in gross assets.

Meanwhile, both the NPL coverage ratio and the NPA coverage ratio continued to improve. NPL coverage ratio rose by 0.18 percentage point to 53.14 percent from 52.96 percent while the latter grew by 0.16 percentage point to 32.72 percent from 32.56 percent last month.

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