Because CCB did mortgage business earlier, with a relatively large scale, and is a state-owned bank, their mortgage balance is the largest among all banks, so it is also CCB that has the most loans for buying houses.
The four banks that made the most money in the first quarter of 2020: Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank and China Bank directly accounted for half of China's personal loans. By the end of 20 19, the total balance of personal loans of the four banks was as high as 18.7 trillion yuan, accounting for 68% of the total size of all A-share listed banks.
Behind the mortgage loan
Personal loans in the financial reports of listed banks are increasing, while the leverage ratio of China residents is increasing. According to the survey of assets and liabilities of urban households by the Survey and Statistics Department of the People's Bank of China, mortgage is the basic component of household liabilities in China. Among the indebted families, 76.8% have housing loans, and the average balance of housing loans is 389,000 yuan, accounting for 75.9% of the total liabilities of families.
In addition, according to the data of the National Balance Sheet Research Center of the National Finance and Development Laboratory, by 20 19, China's macro leverage ratio has surpassed that of the United States and is close to the average level of developed countries. Among them, the leverage ratio of government departments is 5 1%, the leverage ratio of households is 52%, and the leverage ratio of non-financial enterprises is 154.5%.