Xingye self-examination 4.7 billion platform loan exposure

August 26, in accordance with the CBRC to the government financing platform classification of the new rules, Societe Generale first disclosed the results of the initial investigation.　　Industrial bank executives said at the investor exchange, as at the end of June, the bank's platform loan balance of 159 billion yuan, the cash flow can not cover the loan principal and interest of the part accounted for 3%, about 4.7 billion yuan.　　From the self-examination of the situation, Societe Generale's own cash flow can completely cover the loan interest ratio of about 70.5%, cash flow plus the pledge, the guarantee can cover the principal and interest of 16%, cash flow plus financial guarantee coverage of 10.5%. Platform Loan distribution Map "platform loan overall risk controllable." "Min, general manager of the risk management Department of Xingye Bank.　　The Bank of this type of loans mainly for the provincial platform (accounting for about 65%), as well as provincial capital cities, developed cities, municipal platform loans, the level of loan platform is higher, the regional government economic strength, loans using credit, government repayment capacity and repayment will strong. May 10, Min in Shenzhen, a "Investment value analysis will" said that in the financing platform loan area structure and level, Societe Generale in the economically developed areas of the platform loans accounted for about 52%, provincial, municipal and District-level ratio of 21%, 58%, 21%.　　Although the county-level platform is relatively risky, but Societe Generale limited to the country's top 6,000 counties ranked the top 100 in the region to grant platform loans, and most of the collateral. Since the beginning of 2010, Societe Generale basically did not add district County platform loans.　　However, in order to ensure the quality of provincial and municipal financing platform to follow the loan demand, Societe Generale still gave moderate support, by May added more than 10 billion yuan. Societe Generale in its 26th report that the Bank's government financing platform loan balance than the end of 2009 may be a small increase in the related categories, water conservancy, environmental and public facilities management class 98.2 billion yuan (14.1 billion yuan earlier than the beginning of the year), leasing and business services category 690　　billion yuan (11.7 billion yuan by the end of last year). As a result of the regulatory repeating, Societe Generale has been closely monitoring platform loans and taking wind control measures.　　Min said the bank strictly checks the compliance of the project, to eliminate the involvement in "project package" loans, not to do without loans for the project, the current industrial platform loans more than 90% have corresponding projects, strengthen risk assessment, emphasis on project self compensation, strengthen the evaluation of government credit, ensure the government's solvency, strict control over financing. "For the last 3% part, the bank is in the rectification, some are already in the clearing."　　"Societe Generale said.　　Real estate loans accounted for 30% August 26, and Societe Generale responded to the market's concerns about real estate loans and banking assets. The report showed that the real estate loan at the end of Societe Generale was 79.5 billion yuan, an increase of 13.6 billion yuan at the beginning of the year and a 10% increase in mortgage loans of $173.7 billion, up from 24.6 billion yuan at the beginning of this year.　　Mortgages and real estate loans accounted for 31.9% of total loans. Industrial management said that the proportion of real estate loans has been declining. FromA loan to see, focus on the development of personal business loans, which is blank in the country, the potential of a larger, mortgage loans is only modest development. Since the end of last year, they have spent a lot of effort on market testing and policy design for personal-run loans, which are planned to be 18.7 billion this year, up to 10% per cent.　　As at the end of June, Societe Generale non-performing rate of 0.14%, lower than the beginning of 0.02%, credit quality is good, 11 branches of non-performing loan rate is zero. Development of loans, the first half of the industrial real estate development loans, land reserve loans and operating property loans accounted for about 50%, 30% and 20%. With the tightening of supervision, Societe Generale has been positioned as a cautious intervention category, the year-end real estate loans accounted for more than 10% of the control.　　Management said that its overall strategy is to grasp the two major themes of people's livelihood and urbanization, strictly assess the solvency of the main body, control the risk of compliance, focus on supporting the old City renovation and safeguard housing and other livelihood projects, strict implementation of the list-type, quota management. Talking about investors on the silver letter financial assets back to the table, industrial executives said, as of 2010, Societe Generale's financial products balance more than 110 billion, of which the silver letter of cooperation products more than 90 billion, but it belongs to Societe Generale's own credit assets are relatively small, only more than 20 billion, mainly are purchased. The regulator asked for two years to return to the table, 2011 years after the expiration of the silver letter products, Societe Generale only 13 billion, most of which expired before.