The Bangko Sentral ng Pilipinas (BSP) said the consumer loans of universal/commercial and thrift banks rose 13.1 percent year-on-year to P398.6 billion as of the end of the first semester.

Banks and their subsidiaries credit card receivables increased by 5.7 percent to P122.6 billion while automotive loans also went up by nine percent to P86.2 billion in the first six months to June.

The biggest consumer financing is residential real estate loans which reached P164.8 billion in the same period, up 19.5 percent year-on-year.

Real estate loans accounted for 41.4 percent of total consumer loans while credit card loans came contributed 27.6 percent and auto loans is third biggest with 21.6 percent.

BSP said that by industry, the big banks accounted for the majority of the total consumer loans exposure with 59 percent or P235.3 billion. Thrift banks, in the meantime, held the remaining
41 percent or P163.3 billion.

In terms of loan quality, the ratio of non-performing consumer loans to total consumer loans was maintained at nine percent from last quarter but went up from year ago’s 8.8 percent ratio, said the BSP. The ratio barely changed from last quarter as the hike in non-performing consumer loans was almost matched by the expansion in total consumer loans.

As for non-performing consumer loans, the BSP tallied P36 billion, up by 3.1 percent or PP1.1 billion from last quarter.

Banks’ real estate loans by industry, is dominated by thrift banks with a 54.2 percent share or P89.3 billion. The big banks accounted for the balance of 45.8 percent or P75.5 billion. There are P11.5 billion worth of non-performing real estate loans, down from the previous quarter’s P12 billion.

The big banks have majority or 81 percent of total CCRs or P104.9 billion of the P129.6 billion total credit card loans. Credit card subsidiaries of the universal/commercial banks held 15.1 percent or P19.6 billion while thrift banks accounted for the remaining 3.9 percent or P5.1 billion. As of end-June, non-performing CCRs totaled P16.5 billion, up 16.1 percent year-on-year.