Selling!Bank of non -performing asset packets are sold out for sale

From the perspective of the scale of non -performing asset ABS in recent years, the issuance scale in the second quarter of this year is far from the same period of the previous three years, but from the data from the third quarter of this year, it has been lower than the same period of the previous three years.

Author: Hu Qun

Figure: Tuwa Creative

"We just photographed (bad) asset package, the original amount of more than 86 million, which was sold within one discount. The recently taken Shenzhen (bad) asset package of the original financial package of more than 60 million, about eight minutes. Now basically we are basically. Most of the asset packets photographed are within a fold. "A senior AMC industry said.

Since 2022, the number of non -performing asset packets on the market has increased significantly, and prices have gradually declined.

Data from Yindeng.com shows that Bank of Communications, Ping An Bank, Everbright Bank and other banks have released non -performing loan transfer information.

On June 29th, Overwhelm Bank's announcement on the transfer of the income rights of the fourth phase of the non -performing credit assets of Fuxin in 2022 showed that a personal credit card loan non -performing assets were 1.492 billion yuan, and the actual transfer amount was 130 million yuan. According to statistics from Yindeng.com, the reporter's total amount of the original amount of the revenue right of non -performing credit assets in the fourth phase of Fuxin in the Fourth Phase of Everbright Bank was 10.014 billion yuan, and the actual transfer amount was 937 million yuan.

Compared with the transfer of non -performing credit asset income rights, asset securitization (ABS) is obviously more favorable for banks. Taking the issuance of Xingrui Bank of Xingrui in the third phase of Non -performing assets in 2022 as an example, the issuance scale is 311 million yuan, and the basic assets are non -performing credit card claims. The balance of all non -repayment fees is 4.260 billion yuan, and the total recovery is expected to be 474 million yuan. The average principal and interest fee balance of a single loan is 3.15 million yuan, and the average estimated recovery of a single loan is 0.35 million yuan.

This is obviously lower than the recovery rate in 2021. According to the "China Financial Asset Market Report 2022" (hereinafter referred to as the "Bad Asset Market Report") released by Oriental Assets, the average level of recovery rate of non -performing assets for asset management companies in 2021 is less than 20%. Compared with 2020, compared with 2020, it is compared with 2020. In 2021, the average level of recovery rate of asset management companies has declined significantly.

Increased disposal

Judging from the data disclosed by the CBRC and listed banks, the bank's risk is controllable, and the scale and non -performing rate of non -performing assets are in a reasonable range.

According to data from the CBRC, at the end of the second quarter of 2022, the balance of non -performing loans in commercial banks in my country was 2.95 trillion yuan, a non -performing rate was 1.67%, and the coverage rate was 203.78%. Among them, the balance of non -performing loans of large commercial banks was 1.19 trillion yuan, the adverse rate was 1.34%, and the coverage rate was 245.26%. 212.68%; the balance of non -performing loans of urban commercial banks was 4.47 trillion yuan, the adverse rate was 1.89%, and the coverage rate was 191.19%. %; Rural Commercial Bank's non -performing loan balance is 755 trillion yuan, the non -performing rate is 3.30%, and the coverage rate is 137.57%. Essence

Although the adverse rates of urban commercial banks and the Rural Commercial Bank have a high non -performing rate and a low coverage rate, the total assets of two types of banks account for a low proportion of the banking industry. Therefore, the overall risk of banking assets is controllable. Some market views believe that from the perspective of exposure to non-performing assets, the current risk of non-performing assets of the financial system has not yet been fully exposed, and the real adverse rate of banking financial institutions may be above 2%. Will climb further.

The financial data of the listed bank's interim also points to the control of risks. Taking Ping An Bank as an example, the balance of non -performing loans was 32.759 billion yuan, an increase of 4.7%over the end of the previous year; the non -performing loan rate was 1.02%, which was the same as the end of the previous year. "Risk management is our lifeline, especially in the current market environment, risk management is more important." The vice president and chief financial executive officer of Ping An Bank is determined.

On the other side of the controlled risk is the bank's asset disposal of the bank. In the first half of 2022, Ping An Bank had a nuclear sales loan of 29.402 billion yuan; the total amount of non -performing assets was 26.678 billion yuan, an increase of 34.8%year -on -year, of which 15.061 billion yuan of non -performing assets have been recovered (including the recovery of 7.840 billion yuan in non -performing loans, ), A year -on -year increase of 22.3%; 76.4%of the recovery of non -performing assets was recovered in cash, and the rest were recovered by reaching debt. "Increasing the handling of non -performing assets" is almost the keywords of listed banks that have been disclosed.

The interim report shows that in terms of risk management, China Merchants Bank strengthened the resolution of risk prevention in key areas and increased the collection of non -performing assets. In the first half of this year, affected by the risk of real estate customers and the influence of local area epidemic on the retail loan business, China Merchants Bank newly generated a new non -performing loan of 30.702 billion yuan, an increase of 7.460 billion yuan year -on -year; the generation rate of non -performing loans (annualization) was 1.13%, an increase of 0.18 year -on -year increased by 0.18. percentage point.

Specifically, from the perspective of business categories, the bad loans of China Merchants Bank Company were 9.073 billion yuan, an increase of 2.512 billion yuan; retail loans (excluding credit cards) were 3.581 billion yuan, an increase of 1.05 billion yuan; new credit card new generation was bad bad The loan was 1.8048 billion yuan, a year -on -year increase of 3.898 billion yuan. From the perspective of the region, bad generation is mainly distributed in the Yangtze River Delta, the western region and the head office (credit card loan); from the perspective of the industry, bad generation is mainly concentrated in the real estate industry; from the perspective of the customer group, most of the bad generation is mostly large enterprises. In the first half of the year, China Merchants Bank actively disposed of non -performing assets and used a variety of ways to resolve risk assets. During the reporting period, a total of 27.13 billion yuan was disposed of a total of 27.13 billion yuan, of which the conventional verification sales were 11.114 billion yuan, the non -performing asset securitization was 7.778 billion yuan, and the settlement of 6.146 billion yuan was cleared. It disposes 2.092 billion yuan through other methods such as debt, transfer, reorganization, and exemption.

The "White Paper on China's Bad Assets Management Industry Reform and Development" released by PricewaterhouseCoopers shows that in 2022, the international and domestic environment has undergone "over -expected" changes, the downward pressure on the economy has increased significantly. The main source of credit risk is concentrated in the real estate market, small and medium -sized bank financial institutions, trust industries, local governments financing platforms and non -financial enterprises with difficulty in operations.

Taking the real estate trust in the "severe disaster area" in the trust industry as an example, the data of the trust trust showed that in 2021, the scale of breach of contract for real estate trust reached 91.7 billion yuan, accounting for 61.34%of the total default scale. As of July 2022, the scale of real estate trust default was 57.846 billion yuan, accounting for 77.77%of the total default scale. Since May 2021, real estate trust default has been a high incidence of trust product risk events, and it may still face relatively high risk of breach of contract in the short term. Jin Le function analyst Liao Hekai estimates that the trust risk project is expected to increase to more than 200 billion throughout this year, mainly in real estate and related areas.

Non -performing loan transfer is active

The "Bad Asset Market Report" shows that the main way to deal with non -performing assets in commercial banks in 2022 is the transfer of non -performing assets. The transfer of non -performing assets can quickly reduce the non -performing rate of commercial banks, but it needs to sacrifice a certain recovery rate. Compared with the results of the investigation in 2021, the proportion of respondents who selected non -performing asset transfer increased by 5 percentage points, indicating that the pressure of non -performing asset disposal in 2022 has increased.

Bad debt, the nuclear sales are also a common way for commercial banks to dispose of non -performing assets, but this will be held accountable for relevant personnel, and after verification, it is more than the management method of non -performing loans in the table, establishing asset preservation and recovery systems, and strengthening management. In addition to the transfer of non -performing assets and the use of bad debts, non -performing asset disposal methods include clear collection, debt restructuring, etc., as well as new types of disposal methods such as debt -to -equity swaps, asset securitization, and Internet disposal.

In order to further expand the channels and methods of bank non -performing asset disposal and help commercial banks improve the speed and efficiency of non -performing asset disposal, the China Banking Regulatory Commission issued the "Notice on the Pilot Project on the Transfer of Non -Loans" in January 2021, and approved the pilot bank to conduct a single household -to -household Batch transfer of public non -performing loans and personal non -performing loans. In 2021, a total of 77 institutions opened 540 accounts at the Yindeng Center. The principal and interest fee of the pilot business of the pilot business was 18.648 billion yuan.

However, after entering 2022, Yindeng's non -performing loan transfer business has become more active. As of August 19, Yindeng.com has opened a bank category (including branches) institutions for non -performing loan transfer business accounts, 161 asset management companies (including branches), and financial asset investment companies (including branches) Five, a total of 579.

In the data transfer data of Yindeng.com, the scale of public business, personal consumption and business, and credit card non -performing credit transfers is relatively high. Taking Minsheng Bank Credit Card Non -Delivery Loan Transfer as an example. On May 31, the Minsheng Bank Credit Card Center issued a non -performing loan transfer announcement. The trading benchmark date was February 28. The unpaid principal was 30.797 million yuan, the unsuccessful interest was 22.163 million yuan, and the total interest rate was 52.243 million yuan. On August 22, the Minsheng Bank Credit Card Center issued a result of the transfer of non -performing loans, saying that on July 22, the transfer agreement was signed with the transferee. However, the announcement did not show the transfer price.

In addition to state -owned banks and joint -stock banks, private banks also conduct credit asset income transfer business on Yindeng.com. According to the information released by the Internet Commercial Bank, on July 28 this year, the online merchant bank transferred non -performing assets of small and micro enterprises. The original price of assets was 533 million yuan, and the actual transfer amount was 53 million yuan.

According to statistics from the second quarter of 2022 released by the Yindeng Center, the business scale of the non -performing loan transfer in the second half of this year was 14.81 billion yuan in the first half of this year, far exceeding the size of 4.35 billion yuan in the same period last year. In terms of average discount rate, the average discount rate of batch personal business decreased from 32.9%in the first quarter of last year to 9.8%in the first quarter of this year; the average discount rate of single households rose from 46.4%in the first quarter of last year to 56.7 in the second quarter of this year. %. In terms of the average principal recycling rate, the principal recycling rate of batch personal business has decreased from 18.1%in the first quarter of last year to 3.1%in the second quarter of this year; the recovery rate of single household business principal from the public business has increased from 50.7%in the first quarter of last year to this year. 70.2%in the second quarter. "Generally, there are mortgage or pledge to public loans, and most of the personal loans are credit loans. Therefore, the discount rate and recovery rate of poorly transferred public loans and shorter disposal cycles." Beijing Yingke (Harbin) lawyer Liu Lingling, senior partner of the firm, said that the banks launched by banks this year are large, so the price is relatively reasonable and the transaction activity has gradually increased. However, the types of non -performing assets have increased, and the complexity of the project has increased. "The transfer of ABS and credit assets can be understood as the difference between public offering funds and private equity funds. One is public issuance to the market, and the other is one -to -one private equity issuance. The latter is much more flexible. "Xue Hongyan, deputy dean of the Xingtu Financial Research Institute, told reporters that compared with ABS, the threshold for transfer of credit assets is low, so the trading market is more active. China Asset Securities Securities Analysis Network shows that since this year, financial institutions have issued 12.876 billion yuan of non -performing asset ABS, of which 1.841 billion yuan in the first quarter, 8.788 billion yuan in the second quarter, and 2.246 billion yuan in the third quarter. Institutions with high issuances include Construction Bank, Bank of Communications and Industrial and Commercial Bank of China. From the perspective of asset segmentation, credit card consumption loans are 5.205 billion yuan, housing mortgage loans are 3.858 billion yuan, corporate loans are 2.190 billion yuan, and micro -enterprise loans are 1.390 billion yuan. From the perspective of the scale of non -performing asset ABS in recent years, the issuance scale in the second quarter of this year is far from the same period of the previous three years, but from the data from the third quarter of this year, it has been lower than the same period of the previous three years.

In the city, I have to prepare 4,400 stocks to collect Yin Yin A shares.

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