Banks’ real estate exposure eases to 21.8% in 1st halfBuildings are seen along EDSA in Quezon City before dawn, Sunday (July 3, 2022). Commercial real estate loans grew by 6.7 percent to P1.58 trillion from P1.48 trillion, while residential real estate loans went up by 8.2 percent to P919.89 billion from P850.34 billion. Past due commercial real estate loans decreased by 7.6 percent to P39.91 billion from P43.21 billion, while past due residential real estate loans slipped by 4.9 percent to P101.41 billion from P106.67 billion. The industry’s real estate exposure from January to June was well within the 25 percent ceiling set by the BSP. These measures also included the heightened surveillance of banks’ real estate and project finance exposures, and the real estate stress test thresholds for universal and commercial banks as well as thrift banks.

Source: Philippine Star October 17, 2022 02:42 UTC