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Thrift Banks' Exposure to the Real Estate Sector as of End-December 2002

06.12.2003

The industry’s exposure (bank proper and trust department) to real estate loans (RELs) slipped by 1.6 percent to P43.1 billion from last quarter’s P43.8 billion. Year-on-year, RELs grew by 15.6 percent from P37.3 billion. This quarter’s RELs accounted for 28.2 percent of total loan portfolio (TLP), compared to last year’s 26.1 percent. Majority of the industry’s RELs remained concentrated in the bank proper at 99.9 percent.

Past due REL ratio inched up slightly by 0.7 percent to 12.9 percent from last quarter’s 12.2 percent; up by 2.7 from year ago’s ratio of 10.2 percent.

As to the purpose of loan, acquisition of residential property recorded the highest REL exposure at 55.9 percent, followed by development of subdivision for housing at 14.7 percent.

There was no significant change in the regional distribution of REL. The REL of both bank proper and trust department continued to be concentrated in the National Capital Region (NCR) at 75.7 percent and 100.0 percent, respectively.

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