Consumer loans (CLs) by universal, commercial (U/KBs) and thrift banks (TBs) stood at
The end-March figure also reflects a two percent growth from the
CLs rose amid the strong demand for vehicles during the period leading to the holy week and the summer season. At
Residential real estate loans and credit card loans, on the other hand, rose at a slower pace during the period.
While the consumer finance portfolio increased, the ratio of the banks non-performing CLs to total CLs slightly decreased to 5.2 percent at end-March from 5.3 percent a quarter earlier. U/KBs and TBs also set aside loan loss reserves of 70.5 percent of their non-performing CLs as a safety net against consumer credit risks.
Moreover, the consumer loan exposure of the banks also remained low relative to their peers in the region. At
The Bangko Sentral ng Pilipinas (BSP) looks into consumer financing by U/KBs and TBs as part of broader efforts to monitor the quality of the banking industry s total loan portfolio. The maintenance of high loan quality is essential to achieving the BSP s objective of fostering financial stability.
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- FedEx Adding 50,000 Holiday Jobs
- Plus-Size iPhones Live Up to The Hype
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays