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U/KBs' NPL Ratio Improved as of September 2003

11.20.2003

The industry’s Non-Performing Loans (NPLs) ratio in September improved by 0.47 percentage point to 14.49 percent from 14.96 percent in August 2003. NPL ratio, net of Interbank Loans (IBL), also went down to 17.02 percent from last month’s 17.45 percent and a year ago’s 18.83 percent.

The improvement transpired as the 0.4 percent increase in NPLs from last month to P249.15 billion was outpaced by the 3.7 percent growth in total loan portfolio (TLP) to P1,719.91 billion.

The Industry’s Non-Performing Assets (NPAs) ratio, likewise, improved to 13.25 percent from 13.32 percent last month due to the higher growth of gross assets by 1.2 percent or P39.54 billion to P3,337.64 billion compared to the growth in NPAs by 0.7 percent or P2.94 billion to P442.39 billion.

The NPL coverage ratio (loan loss reserves (LLRs) to NPLs) slightly went down by 0.69 percentage point to 50.11 percent from last month’s 50.80 percent as the industry’s LLRs decreased by 1.0 percent or P1.27 billion to P124.85 billion from P126.12 billion last month.

The industry’s NPA reserves (LLRs plus provision for ROPOA), likewise, contracted by 0.9 percent or P1.24 billion to P139.13 billion from P139.37 billion last month. Consequently, the industry’s NPA coverage ratio (NPA valuation reserves to NPAs) slightly fell by 0.50 percentage point from 31.72 percent last month to 31.22 percent.

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