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Credit Lines Ran Out &Nbsp; Some Banks Stopped Issuing Yuan Credit.

2011/1/28 9:08:00 54

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A source told the China Securities Journal 27,

Line of credit

Exhausted, a state owned large business

Bank

All the first tier branches received the notice from the head office, demanding that the new credit for the rest of January should be completely suspended from 28.

A number of other banks said that they had only approved credit and stopped lending.

A large state-owned commercial bank official said the lending system was shut down.

Technically speaking, the bank can no longer proceed.

Credit injection

。

"Loans must be submitted to the head office for approval. Now the head office will only tilt the loans for major people's livelihood in principle."

The China Securities Journal reporter learned from another large state-owned bank's branch office that at present, the branch's credit limit has been issued, and the head office has only granted credit and has suspended the loan.

Analysts say bank credit has soared since the new year.

Data show that as of now, the scale of banking credit has exceeded 1 trillion and 200 billion yuan.

Previously, regulators asked banks to increase lending in January by no more than 12% of the bank's annual new loans, but most banks had already exceeded that limit, so individual banks suspended the remaining time in January to curb excessive credit growth.

A joint-stock bank official said that although the credit resources were very tight, the bank had not suspended the credit in the whole bank.

At present, the head office will issue the credit limit monthly, and the branch should generally report the scale, interest rate and time limit of the project to the head office for approval in half a month.

"Now a large number of loan projects are waiting for approval by the head office, but the speed of credit approval is very slow indeed."

China Securities Journal reporter learned from the enterprise level that enterprises are worried that the credit limit will be more intense in the second half of the year. As long as the loan approval has been approved, the withdrawal rate will be increased immediately so that funds can be snooed for security.

While the credit resources are tight, the loan interest rate of banks has risen sharply. A bank loan officer told the China Securities Journal reporter that the general corporate credit interest rate will now float 10% to 15% on the base of the benchmark interest rate, and the credit interest rate of the small and medium-sized enterprises will float about 40% on the base of the benchmark interest rate.