Real Estate Loans Surge 19%

Manila Bulletin, September 30, 2012 | Go to article overview

Real Estate Loans Surge 19%


MANILA, Philippines - The country's large-capitalized banks and some big thrift banks reported real estate exposures worth P561.6 billion as of June, up 18.9 percent year-on-year and 4.4 percent higher from the previous quarter ending in March, a strong indication of a continuing boom in the real estate sector.

The Bangko Sentral ng Pilipinas (BSP) in a monthly report said the 38 universal/commercial banks accounted for 77.3 percent of total exposure or P434 billion while 22.7 percent or P127.6 billion are from the 71 thrift banks.

Majority of the industry's real estate exposures are real estate loans, about 97.3 percent of total while the remaining 2.7 percent are investments in securities issued by real estate corporations.

Real estate loans as of end-June amounted to P546.5 billion, which was 4.3 percent higher from March, while banks' real estate securities totaled P1.2 billion, up 8.4 percent from the previous quarter.

In value terms, real estate loans increased by P22.3 billion which came from P11.9-billion residential real estate loans and P10.4 billion from commercial real estate loans.

During the period, real estate loans for commercial purposes accounted for 55.3 percent or P302 billion of total real estate loans while 44.7 percent or P244.4 billion are residential real estate loans.

The central bank said that despite the increasing level of real estate loans, the level of real estate loans ratio to total loan portfolio remained stable at 15 percent, lower compared to 15.2 percent in March total loan portfolio.

The universal/commercial and thrift banks' non-performing real estate loans for the end of June decreased by 9.6 percent to P24.2 billion from P26.8 billion in March. The NPL ratio in the same period was also lower at four percent from 4. …

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