The CBRC will set up a micro-loan company transfer channel

A small loan company that has been established for more than three years and has been continuously profitable in the last 2 years will be transformed into a village bank. Yesterday, the CBRC issued a "small loan company restructuring the establishment of village and township banks interim provisions."　　The reporter learned that now has opened 583 micro-loan companies have not met the conditions of transformation. Encourage microfinance companies to accurately locate "microfinance companies have been trying for a year to ease rural funding constraints, but individual provinces lack planning."　　The Banking Regulatory Commission related responsible person told the reporter. The person in charge, for example, said that some microfinance companies were not positioned to do so, and did not put loans to farmers and small and medium-sized enterprises, and issued many large loans.　　This clear to the microfinance company's transformation channel, helps standardize the microfinance company development direction.　　This means that a large-scale pilot-scale microfinance company, which began in 2008, is expected to be transformed into a financial institution from a loan company that has only been loaned (essentially a business enterprise) two to three years later.　　The preferential restructuring of the area without the establishment of village and township banks according to the CBRC's request, the requirements for the conversion of micro-loan companies into village banks include opening more than three years, earning profits for two consecutive years, non-performing loan rate below 2%, and loan loss preparation adequacy ratio reaching more than 130%.　　According to the reporter understand, although the establishment of microfinance companies can be natural persons, legal entities, such as investment set up, but to the village bank must require the bank is a major shareholder or initiator. At the same time, the CBRC has a certain demand for its loan delivery.　　That is, the assets of microfinance companies should be based on loans, the last four quarters at the end of the total assets of the loan balance is not less than 75%, and all the loans in the county area; The last four quarters, the total number of agricultural loan balances accounted for all loans balance is not less than 60%.　　Banking Regulatory Commission related sources, the number of conversion will not be limited, but the priority is not set up village and township banks in the county and county areas below. The background of microfinance companies "only loan" microfinance companies launched at the end of 2006, the central bank launched the pilot.　　Microfinance companies are "lending only" and encourage the provision of credit services to farmers and microenterprises. At the same time as the central bank's pilot microfinance company, the CBRC launched a new type of rural financial institution: village and township banks, loan companies and mutual funds. The loan company and the microfinance company function approximate, but the loan company must be funded by the domestic commercial bank or the rural Cooperative Bank to prepare and set up, and be examined and approved by the local CBRC, and the microfinance company can be set up by the natural person, Enterprise Corporation and other social organizations, which belongs to the business enterprise Supervised by relevant departments of local government.