Asset Management Co Is In Urgent Need Of Transformation

A few days ago, the Oriental Asset Management Co (hereinafter referred to as "Oriental assets") issued the "2013 China financial non-performing assets market survey report", which shows that most of the respondents from commercial banks, trust companies and Asset Management Co believe that the new NPL rate of our banks will rise sharply this year, more than 5%, and the urgency of non-performing loans disposal of banks will increase.

"Bad" or a sharp rise

According to the bank daily report, the balance of non-performing loans in 16 listed banks increased at the end of 2012. Besides the Agricultural Bank, the Construction Bank, the Bank of China and the Bank of Beijing, the other non-performing loan rates of the listed banks rose to varying degrees.

In fact, China Banking Association In the China Banking Industry Development Report (2012-2013) issued at the end of August, it was pointed out that in 2012, the increase in non-performing loans of commercial banks was characterized by "regional agglomeration and industrial clusters".

The disclosure of the interim report confirms the expectations of regulators. The 2012 annual report of the bank shows that the bad loans of banks are mainly due to the credit risk arising from the impact of macroeconomic and monetary policies on small and medium-sized private enterprises in the Yangtze River Delta, the Pearl River Delta and the Bohai rim.

Of the 16 listed banks, 10 disclosed the distribution of bad loans, while wholesale and retail industries and manufacturing industries remained the most concentrated sectors.

In its semi annual report, CITIC Bank said that during the reporting period, some private small and medium-sized enterprises, especially steel and iron trading enterprises, were operating at a standstill in the Yangtze River Delta region characterized by private economy, export processing and domestic and foreign trade.

According to statistics, the balance of non-performing assets of commercial banks in the first half of this year amounted to 1 trillion and 70 billion yuan, an increase of 19.16% over the same period last year, and new non-performing assets increased by 46 billion 600 million yuan, an increase of 63.51% over the same period last year. Therefore, Oriental assets are expected to be in China this year. commercial bank The rate of new bad assets will rise sharply, above 5%.

Disposal of market shrinkage forced transformation

In sharp contrast to the continuous rise of non-performing assets, the disposal market of China's non-performing assets has been shrinking in recent years. The reporter understands that it is precisely because of the shrinking of the disposal market of non-performing assets that the four Asset Management Co have been seeking commercial transformation and trying to create an integrated financial holding group.

The survey shows that in 2013, the disposition of non-performing loans of commercial banks was more urgent, and self disposal was the main force. The transfer of non-performing loans was mainly based on agreement. However, in 2013, most of the respondents' banks did not launch the bad assets package, and the scale of the asset package launched was mostly below 1 billion yuan.

Insiders also told reporters that in recent years, most of the disposal of bad assets in banks were mainly based on internal disposal, and the transfer of foreign assets was relatively small. The assets transferred were relatively difficult to recover. Therefore, this part of the business has become "chicken ribs" for Asset Management Co.

For the overall situation of the bad assets market in 2013, the survey report shows that East China Private enterprise Small businesses and high energy consumption and high polluting enterprises have the highest credit risk. The number of new non-performing loans of commercial banks will grow by more than 5% over the same period, and the non-performing loan ratio of the banking sector will reach 1%-2%.

"Asset Management Co will continue to play the role of" firefighting team "in resolving financial risks. It will continue to enrich and expand the scope of non-performing assets business, innovate disposal methods, improve disposal technologies and benefits, and strive to play a comprehensive financial rescue function. Zhang Zi AI, President of Oriental assets, said.

According to the insiders, in 2013, there are still opportunities for acquisition in the non-performing assets market. Asset Management Co will tend to purchase directly from banks through competitive bidding or negotiation in the primary market, and the takeover obstacles mainly come from internal banks, such as the difficulty of examination and approval, asymmetric information disclosure and so on.