Some Banks In Shenzhen Are Holding High Interest Rates.

Under the regulatory red line of bank loan to deposit ratio of 75%, banks in Shenzhen have struggled to absorb deposits, and the phenomenon of high interest rates in some banks has attracted the attention of local banking guilds.

A person familiar with the matter disclosed to the first Financial Daily yesterday that in May, the Shenzhen Association of banks had noticed the phenomenon of some banks holding high interest rates, and summoned the relevant heads of banks to discuss with each other, asking banks to comply with market order.

For the need of risk prevention, the CBRC requires commercial banks to reach a loan to deposit ratio of less than 75% at the end of 6.

When the deadline is around the corner, the pressure of banks in Shenzhen will remain unchanged.

High interest rate deposit

In order to meet the target, many banks have changed their ways to absorb deposits by various preferential measures.

This reporter recently visited a number of banks as a customer identity and found that in addition to the traditional "gift giving", many banks attract customers with ultra short term financial products, and even banks deposit money in the way of deposit interest deducting interest on loans.

Among them, a large bank has provided short-term financial products such as "daily profit", "double weekly profit" and "monthly profit" for customers whose deposits amount to more than 50 thousand yuan. The annual yield is expected to reach 1.8%~2.1%, and the expected annual yield of customers who deposit more than 100 thousand yuan can reach 3.0%~3.2%.

A joint-stock bank Shenzhen branch has recently launched a financial management service that combines the demand deposits of individual customers with their personal housing mortgage loans. "If the deposit reaches 1 million, it can deduct the interest of the corresponding loans in full."

Another joint-stock bank in some areas to carry out the "deposit to send gold bars" activities, with gold bars instead of interest income.

It is worth noting that some banks' radical means of deposit taking have been "focused" by the guild.

The people familiar with the matter told this newspaper that in May, the Shenzhen Association of banks had noticed the phenomenon of some banks holding high interest rates, and summoned the relevant heads of banks to discuss with each other, asking banks to comply with market order.

"If there are some high returns and other phenomena, if the circumstances are seriously reported by the same industry, the association of banks will report to the Shenzhen banking regulatory bureau. The relevant person in charge of the bank may be held accountable, and the branch may be banned from the market."

These people said.

Situation improves

As a matter of fact, although the pressure of bank withdrawal is still there, some banks have shown that the situation has improved after a period of sprint.

"After the sprint in the past few months, the growth of our bank's savings has been greatly improved, especially in May when some of the funds that had been frozen in new shares were returned to the bank account, they are now in a relatively stable state."

Shenzhen a joint-stock bank president told the newspaper.

In addition, the other responsible bank has also said that after the first two months' efforts, the bank has kept the loan to deposit ratio below 75% by the end of May, and it will not be a problem at the end of 6.

Although banks usually consider increasing deposits at the time of adjusting loan to deposit ratio, some banks that have excessive pressure to absorb deposits will adjust their loans when they are unable to increase their deposits.

The head of the bank credit department told the newspaper that because of the pressure of funds, the bank took the lead in controlling the credit lines of real estate loans, personal loans and high polluting industries this year.

In a previous research report, CICC showed that, without considering the additional increase in deposits, the 75% loan to deposit ratio had a negative impact on the lending of listed banks in 2010, and the market should not be overly worried.