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Update on NPLs of Thrift Banks as of December 2002

04.10.2003

The Non-Performing Loans (NPL) ratio of the TB industry dropped to 11.58 percent this December from 11.99 percent last month as the 4.36 percent decline in the NPL level from P18.26 billion to P17.46 billion, offset the 0.95 percent loan contraction from P152.31 billion to P150.86 billion. This month’s ratio was also lower than the previous year’s 12.03 percent.

Net of Interbank Loans (IBL), NPL ratio also dropped to 12.19 percent this month compared to 12.61 percent last month and 12.45 percent a year ago.

The simultaneous reduction in loan loss reserves by 6.10 percent or P0.49 billion to P7.53 billion and the drop in NPLs by 4.36 percent or P 0.80 billion, resulted in a narrower NPL coverage (Loan Loss Reserves to NPL) of 43.12 percent against 43.92 percent a month ago.

Meanwhile, the Gross Restructured Loans (RL) to TLP ratio slightly inched down to 2.09 percent this month from 2.11 percent last month with the 1.62 percent cut down in RL from P3.22 billion to P3.17 billion, which was partially offset by a 0.57 percent contraction in loans. This month’s ratio was an improvement from last year’s 2.60 percent.

The Non-Performing Assets (NPA) ratio [NPLs + ROPOA (Real and Other Properties Owned or Acquired) to gross assets] slid to 17.00 percent from 17.29 percent last month as the 0.01 percent Gross Asset (GA) growth to P261.96 billion was accompanied by a 1.65 percent reduction in NPAs to P44.54 billion. NPA ratio however was still lower the previous year at 16.85 percent.

NPA coverage ratio (LLR + provisions for ROPOA to NPA) was trimmed down to 19.20 percent from 19.89 percent last month due to the 1.65 decline in NPAs that was counteracted by the drop in reserves by 5.10 percent. NPA coverage ratio last year settled at 22.30 percent.

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