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Update on NPLs of Thrift Banks as of April 2003

07.17.2003

The Non-Performing Loans (NPL) ratio of the industry slightly rose to 12.80 percent from 12.72 percent last month as the NPL level increased by 0.17 percent to P18.67 billion.

The Non-Performing Assets (NPA) ratio, on the other hand, slightly improved to 17.29 percent from 17.55 percent a month ago due to the 2.71 percent drop in NPAs to P44.27 billion as Real and Other Properties Owned or Acquired (ROPOA) fell by 4.71 to P25.6 billion.

This month’s NPL and NPA ratios remained lower than last year’s NPL and NPA ratios of 14.41 percent and 18.80 percent, respectively.

Net of Interbank Loans (IBL), NPL ratio moved up to 13.16 percent compared to last month’s 13.08 percent as the hike in NPLs was accompanied by a contraction in regular lending activities as manifested by the 0.42 percent decline in TLP (net of IBL).

NPL coverage ratio narrowed down to 39.20 percent from 39.67 percent the previous month as Loan Loss Reserves (LLRs) decreased by 1.01 percent to P7.32 billion. NPA coverage ratio (LLR + provisions for ROPOA to NPA) meanwhile widened to 18.88 percent from 18.52 percent last month as the decline in NPAs by 2.71 percent dampened the 0.78 percent drop in reserves (LLR and provisions for ROPOA).

Restructuring continued to be pursued by the industry as a remedial measure to contain the growth of NPLs. Restructured Loans (RL) inched up by 2.42 percent to P3.59 billion. This raised RL to TLP ratio to 2.45 percent from 2.38 percent last month.

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