THE RATIO of thrift and cooperative banks' non-performing loans (NPL) to
their total loan portfolios improved in the first half of 2011 from the
previous year, but that of rural banks worsened, the Bangko Sentral ng
Pilipinas (BSP) said in statements over the weekend.
The NPL ratio measures the proportion of loans that have remained unpaid
for at least 30 days after due date to the total loan portfolio.
Thrift banks' NPL ratio improved to 6.18% from 7.93% ratio in the
comparative periods, BSP noted.
These banks' soured loans totaled P22.75 billion as of end-June 2011
against a total loan portfolio of P367.87 billion in that period, BSP said.
Without including interbank loans or thrift banks' loans to one another,
NPL ratio improved to 6.33% as of end-June 2011 from 6.67% the previous
year, BSP noted.
Ratio of thrift banks' non-performing assets (NPA), which take into
account foreclosed properties and NPLs, to gross assets eased to 7.52%
from 9.09%.
BSP noted that thrift banks could cover 59% of their NPLs and 37.74% of
their NPAs, both an improvement from the previous year's 53.03% and
31.91%, respectively.
Similarly, NPL ratio of cooperative banks improved in the same periods
as well, declining to 8.11% from 8.52%, BSP said in a separate statement.
Soured loans totaled P965 million against a total loan portfolio of
P11.9 billion as of end-June last year, the central bank said.
"In terms of the three main geographical regions, cooperative banks in
Mindanao posted the best NPL ratio at 5.28%, compared with cooperative
banks in Luzon and Visayas which reported NPL ratios of 8.41% and
15.46%, respectively," the BSP said.
While cooperative banks saw an increase in NPA ratio to 8.21% from
7.93%, they could cover 71.82% of their NPLs, a huge improvement from
59.15% in the previous year; and 53.07% of their NPAs, up from 45.34%,
the central bank noted.
In contrast to the first two groups, NPL ratio of rural banks worsened
to 10.42% from 9.42%, BSP said in a separate statement.
Soured loans totaled P11.23 billion against a total loan portfolio of
P107.81 billion in the first half of last year, BSP said.
These banks' NPA ratio also worsened to 11.25% from 10.55%, BSP data
showed. -- KAM
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