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Commercial Banks' Exposure to the Real Estate Sector

10.16.2002

As of end-June 2002, the system’s exposure to the real estate industry (both bank proper and trust department), inclusive of equity stakes in real estate companies, amounted to P192.3 billion. This was lower by P3.4 billion or 1.8 percent from last quarter, and by P10.6 billion or 5.2 percent from year-ago level.

For this quarter, real estate loans (REL) accounted for 11.6 percent of total outstanding loans (TOL) inclusive of interbank loans (IBL), the same as last quarter’s ratio but below last year’s ratio of 12.3 percent.

The industry’s past due portion of REL barely improved. From first quarter’s P51.4 billion, it was down to only P50.5 billion or 1.7 percent this period. The slight drop in past due levels hardly affected the ratio of overdue accounts to REL. Past due ratio continued to rise to 27.5 percent, from 27.3 percent the previous quarter and 24.3 percent a year ago. Past due REL represented only 3.0 percent of TOL, slightly higher than the 2.9 percent registered a year ago.

As to the purpose of loans, the industry’s highest REL exposure (both bank proper and trust department) went to development of commercial property, at 20.3 percent for bank proper and 33.6 percent for trust department.

In terms of regional distribution of REL, majority of the loans for both bank proper and trust department remained concentrated in the National Capital Region, at 82.6 percent and 98.1 percent, respectively.

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