On the evening of March 18, China Merchants Bank (600036. SH； ; According to the annual report data disclosed by 03968.HK, the bank's non-performing loan ratio to corporate real estate is 1.39%, which is 1. 16 percentage points higher than the end of last year.
At the performance conference on the morning of March 2 1, the management of China Merchants Bank responded to hot issues such as real estate loans and M&A loans.
Zhu, the chief risk officer of the bank, said, "The risk of real estate business to the public is still in the stage of risk rise and release, and the non-performing rate of the whole industry will further rise. It is expected that the NPL ratio of real estate loans will be consistent with the industry this year, but the NPL ratio will be controlled within an acceptable range. "
According to Zhu, by the end of February 2002165438, the bank's real estate business totaled about 920 billion yuan, down about 90 billion yuan from the beginning of the year.
China Merchants Bank's business related to public housing mainly includes two parts: on-balance sheet and off-balance sheet. In the off-balance-sheet business, as of the end of last year, the balance of the above-mentioned real or contingent business of China Merchants Bank was 565,438+065,438+049 million yuan, a year-on-year increase of 3.48%.
Among them, the balance of the company's real estate loans was 355.977 billion yuan, an increase of 65.438+03.657 billion yuan compared with the end of last year, accounting for 6.78% of the total loans and advances, down 0.46 percentage point compared with the end of last year, mainly invested in high-quality strategic customers.
The real estate business that does not bear credit risk is mainly composed of wealth management and consignment, of which the scale of real estate-related wealth management business is 654.38+0008 billion yuan, accounting for less than 6%, and the non-performing rate is about 0.2%; The scale of real estate-related consignment business is 98.8 billion yuan, of which the balance of non-standard real estate consignment by private banks is 93.3 billion yuan, and the defaulting customers are mainly Huaxia Happiness and Evergrande.
"In terms of happiness in China, at present, the Debt Committee has an overall debt restructuring plan; Evergrande maintains close communication with the project manager. According to the information provided by the manager, the sum of the saleable present value corresponding to the project and the saleable value under construction corresponds to the coverage of our financing, which is very sufficient and worthwhile. " Zhu said to:
In fact, this year, China Merchants Bank has also signed agreements with a number of housing enterprises to provide M&A loans to relevant housing enterprises. On March 3rd, China Merchants Bank signed 654.38 billion yuan and 6 billion yuan M&A financing cooperation agreements with Country Garden and Midea Real Estate respectively. Previously, the bank also signed agreements with China Resources Land, China Resources Vientiane and Joy City to provide financing lines for mergers and acquisitions.
"I hope the market will not over-interpret it. Real estate M&A financing business is a highly market-oriented business. We always adhere to the principles of marketization and commercialization. We will do what we did for the M&A loan, nothing special. " Li, vice president of China Merchants Bank, responded that the real estate industry can achieve a "soft landing" through restructuring and merger, which is also a structural opportunity for banks.
Wang Liang, executive vice president and chief financial officer of China Merchants Bank, said that many real estate enterprises are still very high-quality and stable, and their cash flow and leverage ratio are relatively stable and healthy. Some enterprises are risky, so choose some excellent developers to cooperate with them to resolve the current risks.
"At present, the risks of the overall real estate industry are gradually exposed and enter an adjustment period. We treat it differently, keep the pressure, and strengthen cooperation with good customers for good projects. M&A loan is one of the contents of cooperation. " Wang Liang said.