Minsheng Bank: Mortgage investment increased year-on-year in the third quarter, real estate risk exposure decreased year by year.
Release time: 2021-11-12
Zheng Wanchun, President of Minsheng Bank, said at the third quarter performance briefing on October 31 that mortgage delivery in the third quarter of this year achieved year-on-year growth.
Zheng Wanchun, President of Minsheng Bank, said at the third quarter performance briefing on October 31 that mortgage delivery in the third quarter of this year achieved year-on-year growth.
He said that due to factors such as the increased willingness of some customers to reduce debt, commercial bank mortgage loans are facing certain prepayment pressure. In the first half of the year, Minsheng Bank's mortgage prepayment increased year-on-year. In order to alleviate the pressure of the decline in mortgage scale, the bank actively responded, continued to upgrade products, increased mortgage market organization and investment efforts, the third quarter of this year, mortgage investment to achieve year-on-year growth.
Regarding the corporate real estate business, Yuan Guijun, vice president of Minsheng Bank, said that the total amount of corporate real estate business of Minsheng Bank remained stable and met the requirements of the regulatory authorities for centralized management.
Specifically, Yuan Guijun said that in this round of real estate industry adjustment cycle, the interest-bearing liabilities of troubled real estate companies mainly include bank loans, issuance of corporate bonds, and bills. Minsheng Bank's real estate credit business is mainly on-balance sheet loans, corporate bond investment is relatively small. The balance of real estate distribution business (trust, asset management, etc.) is zero. Minsheng Bank's on-balance sheet loans, real estate project financing accounted for more than 95%, mainly distributed in the more economically developed 1. second-tier cities, focusing on residential business, the guarantee method to land, construction in progress mortgage-based, while adding the project equity pledge, the group's joint and several liability guarantee. After project-by-project investigation and stress testing, the overall coverage of the project value on the credit balance is good, and the overall risk is relatively controllable.
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