THE quality of loans of the country’s largest banks edged up at end-September as their total loan portfolio declined past their non-performing loans, the Bangko Sentral ng Pilipinas said.
In a statement, the BSP said the non-performing loans ratio of universal and commercial banks in the first nine months rose to 2.55 percent compared with 2.52 percent in the first eight months. Year-on-year, the ratio however went down by 0.56 percentage points from 3.11 percent. The month-on-month hike stemmed from the 1.14 percent decline of the total loan portfolio to P3.023 trillion, which was accompanied by a 0.03 percent increase in NPLs to P76.99 billion.
Net of interbank loans, the bad loans ratio also rose by 0.03 percentage point to 2.71 percent from the end-August figure of 2.68 percent, but improved from end-September of last year’s 3.46 percent. The central bank attributed the uptick to the 0.03 percent increase in NPLs combined with the 0.99 percent decline in regular loans to P2.839 trillion.
Restructured loans remained at 1.34 percent, but lower than a year ago’s 1.64 percent owing to the 0.57 percent increase in gross restructured loans balanced by the contraction in total loan portfolio. Real and other properties acquired as a share of gross assets improved to 1.81 percent at end-September from 1.82 percent at end-August and 2.21 percent in the first nine months of 2010.
The central bank attributed the month-on-month movement to the 0.77 percent cut in ROPA, which outpaced the drop in gross assets to P6.447 trillion.
Similarly, the non-performing assets ratio eased to 3.02 percent ate end-September from 3.03 percent at end-August and 3.65 percent in the first nine months of last year.
The month-on-month decline was attributed to the 0.45 percent reduction in NPAs compared with the 0.07 percent fall in gross assets.
The BSP said the industry’s provisioning against potential credit losses remained adequate, with NPL coverage ratio at 112.50 percent, wider than 121.50 percent at end-August and 117.13 percent at end-September last year.
The NPA coverage ratio also improved to 63.04 percent from 62.31 percent in August and 59.57 percent in September last year. –LAILANY P. GOMEZ, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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