|
BAD loans of thrift banks fell in April, the
Bangko Sentral ng Pilipinas (BSP) said Monday.
In a statement, the BSP said the
industry’s bad loan ratio declined to 6.48 percent from 6.67
percent in March this year and 7.30 percent in April last year.
For 37 months, thrift banks have
sustained a single-digit bad loan ratio. They have managed to reduce
their non-performing ratios due to a higher total loan portfolio
even with the rise in their bad loan levels during the period.
In terms of services, thrift
banks are engaging in consumer loans particularly housing, auto, and
salary loans.
Their total portfolio went up to
P310.830 billion in April compared with P295.917 billion in March
this year and P278.915 billion in April last year.
Their bad loans rose to P20.155
billion compared with P19.730 billion in March this year and almost
reaching April last year’s P20.352 billion.
Restructured loans increased to
P4.614 billion in April this year from P4.467 billion in March this
year and 5,612 billion in April last year.
Their real and other properties
acquired (ROPA) ratio improved to 5.33 percent in April this year
from 5.6 percent in March this year.
Total ROPA level declined to
P27.064 billion in April this year from P28.186 billion in March
this year and P35.914 billion in April this year.
As a result, the industry’s bad
assets ratio improved to 9.32 percent from 9.64 percent in March as
their non-performing assets level declined to P47.218 billion in
April from P47.916 billion in March.
--Maricel E. Burgonio
|
