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Update on NPLs on Thrift Banks as of End-January 2003

05.16.2003

The Non-Performing Loans (NPL) ratio of the TB industry at end-January 2003 rose to 12.22 percent from 11.58 percent last month as the NPLs grew by 3.39 percent from P17.46 billion last month to P18.06 billion this January while total loan portfolio (TLP) contracted by 2.03 percent from P150.86 billion to P147.80 billion. Previous year’s ratio, however, was still higher at 13.67 percent.

Net of Interbank Loans (IBL), NPL ratio settled at 12.80 percent compared to 12.19 percent last month and 14.30 percent a year ago.

The reduction in Loan Loss Reserves (LLR) by 0.15 percent from P7.53 billion last month to P7.52 billion this month coupled with the 3.39 percent hike in NPL lowered the NPL coverage ratio (LLR to NPL) to 41.64 percent compared to last month’s 43.12 percent.

Restructured Loans (RL) to TLP ratio moved up to 2.22 percent from 2.09 percent last month as the 4.30 percent increase in RL from P3.17 billion last month to P3.30 billion was complemented by a 2.03 percent loan contraction. This month’s ratio however was lower compared to the previous year’s ratio of 2.53 percent.

The Non-Performing Assets (NPA) ratio [NPLs + ROPOA (Real and Other Properties Owned or Acquired) to gross assets] rose to 17.51 percent from 17.00 percent last month. The ratio decline resulted as the 1.26 percent decline in Gross Assets (GA) from P261.96 billion to P258.66 billion was further upset by the 1.66 percent growth in NPAs from P44.54 billion to P45.29 billion. NPA ratio this month improved compared to the previous year, which stood higher at 17.59 percent.

NPA coverage ratio (LLR + provisions for ROPOA to NPA), on the other hand, trimmed down to 18.87 percent from 19.20 percent last month brought on by the 0.08 percent downsizing in reserves from P8.55 billion a month ago to P8.54 billion even as NPAs grew by 1.66 percent.

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