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Update on Thrift Banks' Exposure to Real Estate Loan

01.21.2002

The real estate loan (REL) exposure of the thrift banking industry stood at P36.4 billion as of September 30, 2001. This was higher by 6.1 percent and 11.2 percent from the previous quarter and year ago’s outstanding levels of P34.3 billion and P32.7 billion, respectively. With the simultaneous contraction of total loan portfolio (TLP) from P141.9 billion a quarter ago to P138.7 billion, ratio of real estate loans (bank proper and trust department) rose to 26.0 percent of TLP compared to previous quarter’s 24.2 percent and 24.5 percent a year ago. RELs of bank proper practically accounted for the entire industry’s total REL exposure at 99.3 percent.

Past due portion of real estate loans this quarter, however, dropped to 11.3 percent from the previous quarter’s 12.1 percent and 11.7 percent a year ago.

Regional profile of REL loans consistently registered highest concentration in NCR-Metro Manila with 73.1 percent of the industry’s total REL. By purpose, the biggest REL allocation of the bank proper again went to acquisition of residential property at 54.7 percent while the trust department’s biggest exposure shifted from development of memorial park to loans for other purposes at 24.2 percent.

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