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Credit Card Receivables (CCRs) of Universal/Commercial Banks (U/KBs) and Thrift Banks (TBs) as of December 2003

04.22.2004

As of 31 December 2003, the combined CCRs of U/KBs and TBs, inclusive of credit card subsidiaries, grew by 13.9 percent (P7.2 billion) to P59.0 billion from P51.8 billion last quarter.  This was also higher by 8.9 percent (P4.8 billion) from P54.2 billion last year.  Total CCRs to total loan portfolio (TLP) was up at 3.5 percent from 3.1 percent last quarter and from 3.4 percent from last year 

Foreign U/KBs held the bulk (or 49.8 percent) of the total CCRs.  This was followed by domestic U/KBs at 46.1 percent of total CCRs and the balance of 4.1 percent by non-linked TBs. 

Past due CCRs expanded by 53.7 percent (P5.0 billion) to P14.3 billion from P9.3 billion last quarter and by 56.5 percent (P5.2 billion) from P9.1 billion last year.  The combined past due CCRs ratio rose to 24.3 percent from 18.0 percent last quarter and from 16.9 percent last year.

 Past due CCRs to non-performing loans increased by 1.7 percentage points to 4.9 percent from 3.21 percent last quarter and by 1.6 percentage points from 3.3 percent last year.  Similarly, past due CCRs to TLP went up by 0.3 percentage point to 0.9 percent from last quarter’s and last year’s 0.6 percent.

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