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Improvement on Thrift Banks' NPL and NPA Ratios

03.04.2004

As of end-November 2003, the non-performing loans (NPL) and the non-performing assets (NPA) ratios of the thrift banking industry slightly improved to 12.45 percent (from 12.60 percent) and 16.01 percent (from 16.24 percent), respectively. Net of Interbank Loans, the NPL ratio stood at 12.98 percent (vs. last month’s 12.99 percent).

The month-on-month rise in NPLs was contained at 0.1 percent. This was accompanied by a 1.4 percent growth in total loan portfolio (TLP) to P158.64 billion. On the other hand, NPAs declined by 0.6 percent to P44.28 billion as the industry disposed some of its assets acquired in settlement of loans. Real and Other Properties Owned or Acquired (ROPOA) went down by 1.2 percent to P24.53 billion.

Meanwhile, loan loss reserves increased from last month by 0.8 percent to P7.72 billion while the NPA reserves rose by 0.9 percent to P8.78 billion. Hence, the NPL and NPA coverage ratios of the industry both improved this month. These ratios went up by 0.24 percentage point to 39.10 percent and by 0.30 percentage point to 19.83, respectively.

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