ENP Newswire -
Release date- 08082014 - Universal, commercial (U/KBs) and thrift banks (TBs) posted
The REE represented 21.3 percent of the banks' total loan portfolio in March, similar to the figure recorded at the end of last year. However, the exposures of U/KBs to commercial real estate lending, which is subject to a cap of 20 percent under Circular 600, remains at 10.7 percent.
The end-March REE is 2.9 percent higher than the
Loans granted to land developers, construction companies and other corporate entities represented 60 percent of the RELs while the remaining 40 percent went to borrowers acquiring residential properties.
Investments in real estate securities, meanwhile, rose by 3.1 percent to
At end-March this year, the non-performing RELs of U/KBs and TBs represented 2.77 percent of their RELs, marginally lower than the 2.80 percent recorded a quarter earlier. The banks' non-performing RELs have been on a downward trend since 2012.
The Bangko Sentral ng Pilipinas assesses banks' exposure to the different sectors of the economy as part of its continuing efforts to maintain the stability of the Philippine financial system.
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