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Update on NPLs of Rural and Cooperative Banks as of 30 June 2002

10.29.2002

The industry’s non-performing loans (NPL) ratio slightly improved to 14.82 percent from 15.03 percent last quarter as the 2.77 percent rise in total loan portfolio (TLP) outpaced the 1.38 percent increase in NPL level. NPL ratios of both Rural Banks (RBs) and Cooperative Banks (CBs) improved to 14.84 percent and 14.65 percent from 15.02 percent and 15.04 percent, respectively, a quarter ago.

Loan loss reserves (LLR) to NPL or NPL coverage ratio improved to 35.78 percent from 35.63 percent due to the 1.81 percent increment in NPL loan loss provisions. Improvements in coverage ratios were noted in both RBs and CBs.

The ratio of real and other properties owned or acquired (ROPOA), gross to gross assets went down to 9.00 percent from 9.39 percent last quarter as the 0.24 percent decline in ROPOA was accompanied by a 4.06 percent growth in gross assets. Likewise, the ratio of non-performing assets or NPA (NPL plus ROPOA) to gross assets slid to 17.89 percent from 18.51 percent last quarter.

NPA coverage ratio (LLR plus ROPOA reserves to NPA) increased to 18.97 percent from 18.67 percent last quarter as the 2.20 percent hike in NPA loss reserves outmatched the 0.58 percent rise in NPA level.

The ratio of gross restructured loans (RL) to TLP rose to 2.90 percent from 2.87 percent over the previous quarter as the loan level growth of 2.77 percent was surpassed by the 3.98 percent increase in RL.

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