MANILA, Philippines – The non-performing loans (NPL) ratio of the country’s universal and commercial banks improved to 3.11 percent in September from the previous month’s and year ago ratio of 3.25 percent, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.
The September NPL ratio marks the 24th consecutive month that the NPL ratio has been below four percent, the BSP also said.
Monetary authorities attributed the improvement in the September NPL ratio to the 2.07-percent expansion in total loan portfolio.
NPLs fell to P83.14 billion from the previous month’s P84.91 billion while the total loan portfolio expanded to P2.67 trillion from P2.616 trillion previously, BSP data also showed.
Net of interbank loans (IBL), the NPL ratio also improved to 3.46 percent in September from the previous month’s 3.67 percent and year ago’s 3.74-percent ratio. The month-on-month improvement was due to the 3.74-percent growth in regular loans to P2.399 trillion.
The ratio of real and other properties acquired (ROPA) declined by 0.04 percent in September to P128.51 billion.
This, together with the NPLs, brought down non-performing assets (NPA) by 0.85 percent to P211.65 billion which then led to an improvement in the NPAs to gross assets ratio to 3.65 percent from the previous month’s 3.77 percent.
This month’s NPA ratio is also better than the 4.14-percent ratio posted last year, BSP data also showed.
Furthermore, the BSP said that the restructured loans (RLs) to the total loan portfolio (TPL) ratio went down to 1.64 percent from last month’s 1.68 percent and year ago’s 1.84-percent ratio. The ratio declined from last month as the 0.85 percent fall in gross RLs to P44.05 billion accompanied the rise in loans.
Universal and commercial banks or the country’s biggest banks provided adequate provisioning against potential credit losses.
As such, the NPL coverage ratio strengthened to 117.13 percent from last month’s 114.52 percent. Likewise, the NPA coverage ratio widened to 59.57 percent from last month’s 59.17 percent. Year-on-year, this month’s NPL and NPA coverage ratios also fared better than their reference ratios of 111.27 percent and 53.48 percent, respectively. –Iris C. Gonzales (The Philippine Star)
September 18 –
International Equal Pay Day
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more than other cost items.
For widespread, practical equality!”
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against the military junta in Myanmar
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against serious violations of protocols of
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Accept the National Unity Government (NUG)
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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