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Credit Card Receivables of Universal/Commercial Banks and Thrift Banks as of End-September 2004


As of end-September 2004, total CCRs (inclusive of credit card subsidiaries) of the banking industry amounted to P62.5 billion, up by 4.7 percent or P2.8 billion from last quarter’s P59.7 billion and by 20.6 percent or P10.7 billion from year ago’s P51.8 billion. The ratio of total CCRs to total loan portfolio (TLP), exclusive of interbank loans was slightly raised to 3.7 percent from 3.5 percent last quarter and 3.1 percent a year ago. 

U/KBs (bank proper) accounted for 69.3 percent (or P43.3 billion) of the P62.5 billion total CCRs. Majority were held by foreign U/KBs at P31.2 billion or 49.9 percent of total CCRs while domestic U/KBs held P12.1 billion or 19.4 percent. Meanwhile, non-linked TBs accounted for 3.8 percent (or P2.4 billion) whereas subsidiaries of U/KBs held the remaining 26.9 percent (or P16.8 billion).

The combined past due CCRs of U/KBs and TBs (bank proper and subsidiaries) inched up by 0.3 percent to P14.0 billion from last quarter and escalated by 50.9 percent or P4.7 billion from P9.3 billion a year ago. The ratio of past due CCRs to total CCRs improved to 22.5 percent or by 1.0 percentage point from 23.5 percent last quarter. This developed as the 4.7 percent growth in CCRs surpassed the rise in past due CCRs. This quarter’s past due CCR ratio, however, was higher by 4.5 percentage points compared to year ago’s ratio of 18.0 percent. 

Past due CCRs to NPLs ratio stood at 4.8 percent (same as in the last quarter but up from 3.2 percent a year ago), whereas past due CCRs to TLP ratio settled at 0.8 percent (same as in the last quarter but up from 0.6 percent a year ago).

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