Real Estate Loan Reporting Reviewed

Manila Bulletin, May 14, 2013 | Go to article overview

Real Estate Loan Reporting Reviewed


The Bangko Sentral ng Pilipinas (BSP) is still refining the new way banks' real estate sector exposures are being reported as they expand data further.

"The intention is to get more granularity in the survey responses," according to BSP managing director Dr. Johnny Noet Ravalo.

To improve or refine data more, Ravalo said the type of property or real-estate products being marketed will have to be categorized and assessed based on the market it is being offered.

"For example, some distinction across property offerings targeted to different niche markets so that we don't get confused by just looking at peso values," he explained.

With the release of the updated 2012 real estate exposure of the banks, the BSP assessed that the industry apparently has breached the 20 percent cap of banks' total loans allotted to the property sector. But this, assures BSP officials, is not something to worry about yet.

"We don't see real estate bubbles right now," said Ravalo. "All that the survey really does is give us a picture of the exposures without exclusions."

The central bank has amended the way it reports data on real estate loans and it included all loans this time as well as investments in debt and equity securities.

By BSP definition, real estate activities are activities that include construction and development of real estate projects as well as other ancillary services like buying and selling, rental and management of real estate properties. This is a wider definition from the original circular which limits real estate activities to the acquisition, construction and improvement of real estate property.

The country's large-capitalized banks and some big thrift banks reported real estate exposures of P821. …

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