Bank squeezes credit "moisture" equilibrium lending normal return

The sudden surge in credit has become a bank impulse at the end of the year, but may be an exception by the end of June.　　With the recent regulatory authorities on the further strengthening of credit management notice issued, may become a powerful external cause, to promote commercial banks to abandon the "quarter of the" digital temptation to return to rational and balanced lending the normal. June 29, the reporter interviewed a number of state-owned banks, joint-stock banks related people.　　Most people said that the head office has sent or telephone form to convey the above notice, no longer the meaningless quarter of the credit expansion, some banks even with the suspension of the bill business, the closure of some of the electronic credit approval function, to avoid the late-season credit "empty increase moisture." Controlling the pace of credit is almost a collective act in the banking sector, with the sprint of credit at the close of each quarter.　　At the end of March, under the pressure of the quarterly assessment, some large banks even set a day of less than tens of billions of yuan, a lot of hundreds of billions of dollars in credit record, the strength of the month to increase the size of new loans. However, by the beginning of next month, banks often face the embarrassment of increasing loan balances.　　This led to the growth of credit as a roller coaster, the sharp fluctuations in statistics, not only may trigger the regulatory and monetary authorities on the effect of credit policy miscalculation, the sound development of commercial banks is also harmful. Based on the above considerations, the regulatory layer in June to release the "balanced delivery" credit concept, the force against the quarter.　　After receiving the signal, the banks began adjusting last week.　　A large state-owned bank told reporters that last week the bank has temporarily stopped doing some discount business bills, the head office also asked subordinate branches "pay attention to control the pace of credit." Coincidentally, another large state-owned bank Shanghai Branch also disclosed that the bank has in the form of internal notice, the branches are required to not artificially surge credit scale, and improve the assessment method.　　For example, if the credit balance is negative at the beginning of a branch, it will be deducted in the examination according to the extent of the decline within the stipulated period.　　In addition, in order to add a "security lock" for credit, the bank closed the credit approval system in Friday to control some of the new lending surge under the headquarters level.　　Another large state-owned bank also said that after the bank in March and May respectively using the credit approval system to control the size of the loan, the third time in Friday the bank to operate the system, the closure of the partial audit function.　　If the state-owned big bank intends to control the scale of credit and in the early stage as a "credit main role" match, then, the full year credit plan is not ideal to complete the joint-stock banks are joined, it shows the binding force of external regulation.　　A joint-stock bank related Personage disclosed that the bank originally issued the target at the beginning of the month, asked for the two-quarter loan "More put point", but last week has stopped this practice, and official issued a "total compression, no longer lend additional money."　　So far, the bank's credit completion is not ideal--by the end of June, nearly 70 billion of the more than 130 billion new loans were for Bill financing. A rural credit cooperatives in Shandong ProvinceAlso told reporters that the bank has made it clear that to compress bills accounted for the size of new loans, under 30% control.　　Small and medium-sized banks joined the ranks of credit scale control, becoming a new feature of the June. In the previous April, with the state-owned bank of credit in the power of the pullback, small and medium-sized banks instead of the contrarian force, become the mainstay of credit growth.　　Especially in May, the national banking financial institutions in the new loans in the state-owned large shares less than 38%.　　Press financing reporter survey learned that this time the banks to control credit at the quarter of the action, the main force is to control the low income of the bill financing part, and for pure loans to take a differentiated treatment.　　Weifang Agricultural Credit Union bills business personnel disclosed that in the last 10 days, the bill market demand has obviously shrunk, mainly is the bank to the negotiable instruments in the asset structure big adjustment result. Due to a number of large businesses have less to do bills business, Bill discounting and discount rates are all rising.　　The 6-month discount rate has risen to 1.3 from monthly 1.2, 10 days ago, and the direct discount rate has risen to 10-1.5 from 1.6 days ago.　　Market traders said that some of the big lines, although not explicitly do not do, but a substantial increase in interest rate quotes, such as the discount rate of direct quotation 1.65, in fact, has been unable to do.　　In this round of adjustment, a lot of early-stage bills accounted for a higher number of small and medium-sized banks, also increased the bill adjustment. Data from the commercial banks Show: As at the end of April, Citic Bank's new loans were 203.5 billion yuan, of which 123.3 billion were bills, Pudong issued new loans of 190 billion yuan, of which nearly half of the bill, China Merchants Bank new loans 143 billion yuan, 96.2 billion yuan bills; People's livelihood new loans 115 billion yuan,　　There are 37.5 billion dollar bills.　　The high ratio of bill financing not only increases the pressure of the commercial bank to adjust the asset structure in the future, but also increase the pressure of the cash position as the future concentration of bills is due. Data from the central bank showed that January-February was the peak of growth in Bill financing.　　Among them, the January bill financing increased by 623.9 billion yuan, February bill financing increased by 487 billion yuan, accumulated about 1.1 trillion yuan.　　A commercial bank Bill management staff analysis, 1.1 trillion yuan in the scale, assuming that 80%-90% is 6 months, that is about 1 trillion yuan will be in 7-August concentrated maturity, to 70% margin calculation, direct impact to the amount of deposits up to 700 billion yuan. "This is a huge pressure on commercial banks to manage their capital positions," he said. "These people believe that many banks will directly face the downward pressure on deposits, especially in the city and other small and medium-sized banks."　　Some city firm Personage discloses, some city firm margin deposit can account for this year new deposit 30%-40%. According to the demand of the ratio management of the assets and liabilities, the Bills managers believe that the bank still has the possibility of continuing to make big Bill financing, so as to adjust the deposit.