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Commercial Banks' Exposure to the Real Estate Sector

06.27.2002

As of end-March, 2002, the system’s exposure to the real estate sector (both bank proper and trust department) inclusive of equity stakes in real estates amounted to P195.7 billion, higher by P 0.7 billion or 0.4 percent from last quarter but lower by P 6.6 billion or 3.2 percent from year-ago level.

For this quarter, the real estate loans (RELs) chalked up to 11.6 percent of total outstanding loans (TOL) inclusive of interbank loans (IBL) compared to 11.5 percent in the previous quarter as a result of the simultaneous increases of P0.7 billion or 0.4 percent in RELs and equity investments in real estate and TOL (inclusive of IBL) by P1.1 billion or 0.1 percent. Last year’s ratio level stood higher at 12.5 percent.

Past due portion of REL further climbed to 27.3 percent compared to the previous quarter’s 25.3 percent and last year’s 23.8 percent or equivalent to 3.0 percent of TOL against 2.8 percent of last quarter and 2.9 percent a year ago.

As to the purpose of loans, highest REL exposure of the bank proper went to development of commercial property at 19.1 percent while bulk of the trust department’s exposure was in Other Purposes at 30.6 percent.

Regional distribution of REL loans for both bank proper and trust department showed highest concentration in NCR-Metro Manila at 83.5 percent and 96.2 percent, respectively.

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