Some banks stopped their credits

-Our correspondent Zhang Zhahui, 27th, said to China Securities News reporter, because the credit line was exhausted, a state-owned large commercial banks all the first-level branches have been notified by the headquarters, from 28th onwards to stop the January to complete the remaining time to add credit.　　Several other banks said they had stopped granting loans only in the current month. The Bank's lending system is now switched off, said a large state-owned commercial bank. Technically speaking, the bank is no longer able to carry out credit. "Loans must be reported to the head office for approval, now in principle, only major livelihood loans to tilt."　　"China Securities News reporter from another state-owned large bank branch of the people to understand that at present, the branch of the current month credit line has been issued, now the head office only granted the letter, has suspended the grant of loans." Analysts say bank lending has soared since the new year. Data show that up to now, the banking sector has exceeded the credit scale of more than 1.2 trillion yuan.　　Regulators had previously asked banks not to lend more than 12% of the bank's new loans in January, but most banks had exceeded that limit, so individual banks were suspending the remainder of January to curb credit growth. A joint-stock banker said that while credit resources were tight, the bank had yet to suspend credit across the line. Now the headquarters of the line of credit monthly, branches generally need to be half a month ahead of the project size, interest rates, deadlines and other related information reported to the head office for approval. "A large number of loan projects are now waiting in line for approval, but the speed of credit approval is really very slow.　　"China Securities News reporter from the enterprise level, companies are worried about the second half of the credit line will be more nervous, as long as the loan approval has been approved, immediately increase the speed of withdrawals, so that funds fall into the bag for Ann." While credit resources are tight, bank lending rates have surged recently, a bank credit officer told China Securities News reporter, the general corporate credit rate is now on the basis of benchmark interest rate of 10% to 15% floating, SME credit rate on the basis of benchmark interest rate on the rise of about 40%.