Total number of collateral registrations recorded for the 4th quarter of 2023 was 61,674 compared to 50,333 registrations in the same quarter of 2022, the 4^th Quarter Collateral Registry Report.

This represents 22.5% year-on-year growth.

In comparison with the quarter 3, 2023, collateral registrations increased by 9.5%.

A breakdown of the registrations across the various categories of lenders showed that Savings and Loans Companies (S&Ls) dominated with 50,007 registrations in the 4^th quarter of 2023, indicating an increase of 25.6% from 39,801 registrations recorded in the 4^th quarter of 2022.

Registration of collateral by Rural and Community Banks (RCBs) increased by 14.5% from 6,410 registrations in the 4^th quarter of 2022 to 7,340 in quarter 4, 2023.

Conversely, registrations by banks declined by 35.7 percent from 2,392 in quarter 4, 2022 to 1,538 in quarter 4, 2023.

Across the institutions, Leasing Companies recorded the lowest number of six registrations in the 4^th quarter of 2023 compared with eight registrations during the same period 2022.

The total number of searches conducted at the Collateral Registry in the 4^th quarter of 2023 decreased by 4.9% (year-on-year) to 15,600 from 16,397 in quarter 4, 2022.

Despite the decline, searches conducted in quarter 4, 2023 went up by 2.6% cmpared with the 15,204 recorded in quarter 3, 2023.

Savings & Loans Companies recorded the highest share of searches conducted during the review period with 77.2%, followed by Rural and Community Banks with 17.3%, and banks with 1.9%.

Microfinance Institutions, Micro Credit Companies and Finance Houses were the least active institutions in terms of searches.