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Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
The number of private banking clients in the five major state-owned banks continues to grow rapidly, with more than one million reaching 1.055 million households at the end of June, equivalent to the annual increase in the first half of last year.
① The number of private banking clients of the five state-owned banks reached a historic record at the end of June this year - breaking the one million mark for the first time, with a total of 1.055 million clients. ② In the first half of this year, the private banking clients of the five major banks increased by nearly 0.1 million, approaching the total data for the previous year. ③ The semi-annual report found that each bank has identified private banking business as one of the key development directions.
The six major state-owned banks led the decline, and the expectation of interest rate cuts for existing home loans dealt a heavy blow to the banking sector. As the window period for September real estate policies approaches, how to balance the 200 billion
①As of the closing, 40 out of 42 listed bank stocks fell. The banking sector led the decline in all sectors, with the six state-owned banks leading the decline in the banking sector; ②Several interviewees told reporters that the decline in bank stocks today is partly due to the increasing expectations of rate cuts for existing home loans in the market; ③Estimates by China International Capital Corporation show that assuming the average mortgage interest rate is reduced by about 60bp, it is estimated to reduce borrowers' interest expenses by approximately 240 billion yuan per year.
During the first half of the year, while 1,126 bank branches closed, the number of branches for the six major state-owned banks increased slightly by 700, with Agricultural Bank of China alone adding over 800.
Based on the data from the semi-annual reports of listed banks, according to the statistics by Caijing News, the overall number of network points of the six state-owned banks is about 1.056 million, which has still increased by about 700 branches compared to the beginning of the year. According to the data from the official website of the China Banking and Insurance Regulatory Commission, about 1,126 subordinate branches of commercial banks announced their closure in the first half of this year, which means that although state-owned major banks are expanding against the trend, the steady contraction of bank branches is still the mainstream.