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Banks Saw Shrinking Loans In Housing Sector With Rising NPL

CHINA PRESS
MNI (Singapore)

Many banks saw a decline in their proportion of housing-related loans and a rise in non-performing loans for both housing developers and home buyers, the 21st Century Business Herald reported Friday, citing semi-annual reports of listed banks. The proportion of lending to developers by the big four state-owned banks -- ICBC, CCB, AgBank, and BOC -- has dropped by 24, 14, 36 and 4 basis points from end-2021, respectively. Among them, the BOC and ICBC reported the highest non-performing rate of 5.67% and 5.47% in real estate loans by end-June, rising 0.62 and 0.68 percentage points from end-2021, the newspaper said. Among the ten banks that announced the non-performing mortgage loans in H1, eight of them saw a rebound of as much as 0.6%, the paper added.

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