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Update on Thrift Banks' Exposure to the Real Estate Sector

07.24.2002

The exposure of the thrift banking industry to the real estate sector stood at P41.7 billion as of March 31, 2002, higher by 11.8 percent and 19.9 percent from the previous quarter and year ago's outstanding levels of P37.3 billion and P34.8 billion, respectively.  This quarter's real estate lendings (RELs) grew to 29.0 percent of total loan portfolio compared to previous quarter's 26.1 percent and 24.8 percent a year ago.  The bank proper practically held the entirety or 99.5 percent of the industry's total exposure.  Past due portion of RELs this quarter likewise rose to 12.8 percent from previous quarter's 10.2 percent and 11.5 percent a year ago.

Regional profile of REL loans, as in past years, showed highest concentration in NCR-Metro Manila for both bank proper and trust department, levelling at 76.4 percent and 61.5 percent, respectively.  By purpose, the highest REL loan exposure of the bank proper remained concentrated in the acquisition of residential property at 52.9 percent while the biggest portion or 24.8 percent of the trust department's exposure went to development of memorial park.

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