As of end-September 2004, total ALs (bank proper and subsidiaries) expanded to P49.4 billion or by 2.8 percent or P1.3 billion from P48.1 billion last quarter and by 5.8 percent or P2.7 billion from P46.7 billion a year ago. Meanwhile, the ratio of total ALs to total loan portfolio (TLP), exclusive of interbank loans was maintained at 2.9 percent from last quarter but slightly higher compared to the 2.8 percent ratio a year ago.
TBs continued to be the major provider of ALs as it held 71.9 percent of total ALs, wherein 60.8 percent came from financial institution (FI) linked TBs and 11.1 percent came from non-linked TBs. U/KBs held the remaining 28.1 percent of the total, of which 26.2 percent came from domestic U/KBs and 1.9 percent from foreign U/KBs.
The ratio of past due ALs to total ALs at 6.1 percent was an improvement from last quarter’s 6.3 percent but remained unchanged from year ago’s ratio. Past due ALs to NPLs ratio of combined U/KBs and TBs remained unchanged at 1.0 percent from last quarter and year ago’s ratios. Likewise, past due ALs to TLP ratio was maintained at 0.2 percent in the three comparative periods.