Lijie: House prices down 30% overall impact affordable
Source: Internet
Author: User
August 9 pm Lijie, deputy governor of Everbright Bank, said today that housing prices fell 30% under heavy pressure, the bank's real estate development loan non-performing rate will rise 1.3%, personal housing loan non-performing rate will rise 0.81%, the overall impact within the affordable range. Lijie A recent real-estate loan stress Test in 2010 showed that the tests showed little impact under mild pressure (house prices fell 10% and interest rates rose by 27bp) and moderate pressure (house prices fell 20% and interest rates rose by 54bp), while heavy pressure (real estate prices fell 30%, Interest rate up to 108bp) situation, the Bank's real estate development loan non-performing rate will rise 1.3%, personal housing loans non-performing rate will rise by 0.81%, the overall impact within the affordable range. Lijie did not mention the recent market rumours that the CBRC had asked commercial banks to stress test the 60% per cent drop in house prices. (Ding)
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