Investor Presentaiton
Asset Quality
Elevated provisioning
Increase in NPL across all loan products
as Bayanihan Act 1 relief period ended
16
26.7
26.8
25.1
24.8
42.4
2.98%
1.81%
1.66%
1.82%
1.83%
3Q19
4Q19
1Q20
NPL Level
(in P bn)
2Q20
NPL Ratio
3Q20
1 NPL cover excludes reserves for contingent exposures
2 Loss cover includes reserves for contingent exposures
3 As of August 2020
NPL Cover at 100.4%
145.1%
113.1%
140.7%
102.7%
104.8%
108.8%
107.4%
102.9%
91.9%
92.6%
91.3%
99.3%
102.1%
100.4%
109.0%
BPI
Elevated credit cost due to higher ECL
and pre-emptive provisioning
21.1
15.0
42.6
4.2
37.7
4.6
5.8
29.2
24.9
25.4
2.07%
1.94%
1.18%
0.45%
0.43%
3Q19
4Q19
1Q20
2Q20
3Q20
3Q19
4Q19
1Q20
2Q20
3Q20
BPI NPL Cover¹
BPI Loss Cover²
Industry - NPL Cover³
Total Allowance
For Loan Losses
Provision Expense
Credit Cost
(annualized)
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