1. Text: | Print|

      Smaller banks cut home credit

      2013-11-26 13:22 China Daily Web Editor: qindexing
      1

      More small and medium-sized commercial banks are suspending mortgage loans in the fourth quarter, according to an industrial report.

      Housing loan suspensions have been reported in 17 out of 32 cities, including Beijing, Guangzhou, Shenzhen and Zhuhai, said the report by rong360.com, an Internet search platform for loan resources, which surveyed more than 500 banks.

      A rapid increase in loans in the first half of the year resulted in a lack of loan quotas for the next half, said the report. The overdraft of credit drained the fund for mortgages in the latter half of the year, particularly the fourth quarter.

      The real estate market has been showing a warming trend this year. The People's Bank of China reported that for the third quarter, the real estate outstanding loans in major financial institutions stood at 14.17 trillion yuan ($2.33 trillion) by the end of September, increasing 19 percent year-on-year. The growth rate was 4.7 percentage points higher than that of all banking loans.

      So in the fourth quarter, many banks had to stop offering interest discounts for first-home loans. Interest rates for second homes have gone up 10 to 20 percent.

      Of the 500 surveyed banks 6.37 percent still offer a 15 percent discount in interest rates, with 16.04 percent offering a 10 percent discount and 44.58 percent going with base interest rates. Another 16.27 percent offer interest rates above the base level and 16.75 percent of the surveyed banks said they have completely stopped lending to homebuyers.

      The base loan interest rate is 6.55 percent for a loan of more than five years, according to the Peoples' Bank of China.

      The grip on housing loans is taking place mostly in small and mid-sized banks. Major banks are hardly affected by the capital shortage. Wang Zhenning, chief of public relations for Industrial and Commercial Bank of China Ltd, said ICBC has not been slowing its loans to homebuyers.

      Banks were exercising tighter control over the approval of housing loans for first-time buyers, which had significantly lengthened the time spent obtaining a loan, according to a report by Homelink Real Estate Co Ltd.

      Applicants who have been approved in the fourth quarter will have to wait until the beginning of 2014 to get their loans, said Zhang Xu, an analyst with Homelink.

      As the market is expecting the government to stage even harsher policies to dampen the rise in housing prices, it would be natural for smaller banks to try to mitigate risks and hold back credit supply.

      "Those that are quick to do so are joint-stock or foreign banks," said Zhang Dawei, an analyst with Centaline Property Agency Ltd. "It is normal for them to do so at the end of the year, when they have begun using up loan quotas."

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲中文字幕无码mv| 免费福利资源站在线视频| 91老湿机福利免费体验| 亚洲日本香蕉视频| 大陆一级毛片免费视频观看| 亚洲影院天堂中文av色| 免费观看毛片视频| 国产免费A∨在线播放| 久久精品国产精品亚洲色婷婷| 高清一区二区三区免费视频| 亚洲五月激情综合图片区| 美女视频黄免费亚洲| 豆国产96在线|亚洲| 亚洲最大激情中文字幕| 13一14周岁毛片免费| 精品亚洲国产成人av| 亚洲欧洲无码AV电影在线观看| 亚洲精品在线免费观看| 男女猛烈无遮掩视频免费软件| 亚洲av鲁丝一区二区三区| 国产裸模视频免费区无码| 日韩精品无码免费专区午夜| 一本色道久久88亚洲精品综合| 日韩亚洲一区二区三区| 涩涩色中文综合亚洲| 中文字幕精品亚洲无线码一区| 永久免费的网站在线观看| 中文成人久久久久影院免费观看| 激情内射亚洲一区二区三区爱妻| 久久影院亚洲一区| 一区二区三区视频免费观看| 亚洲中文无码亚洲人成影院| 亚洲成亚洲乱码一二三四区软件| 国产成人免费片在线视频观看| 99热这里有免费国产精品| 亚洲国产激情在线一区| 亚洲AV蜜桃永久无码精品| 亚洲无线码一区二区三区| 四虎永久免费地址在线网站| 国产va精品免费观看| **aaaaa毛片免费|