The plan of the year is spring.
At present, banks are making full efforts to make a “good start” in credit, in order to achieve early delivery and early income. Many people in the banking industry admitted that the “internal volume” of credit at the beginning of the year was serious, and the competition among high-quality customers was fierce.
Although the pressure exists objectively, many analysts said that under the background of policy guided credit growth, there is still uncertainty about the “good start” of credit.
sprint credit performance made a good start
Referring to the current situation of the “good start” of sprint credit, many people in the industry have mentioned the word “difficult”.
Liu Wei (a pseudonym), general manager of the inclusive Department of a second tier branch of a major bank in Jiangsu Province, introduced that the bank’s inclusive small and micro enterprise loans achieved good growth in 2021. In addition to completing the 30% growth target proposed in last year’s government work report, local regulators also have additional requirements for the growth rate of inclusive small and micro enterprise loans. “Last year, we all worked hard to speed up the launch. Some projects that can be launched at the end of last year or the beginning of this year were basically released at the end of last year, and we have to find new projects this year.”
He also mentioned that the bank’s loans to small and micro enterprises are repaid at any time, and enterprises will only mention them when there is a demand. “This year’s Spring Festival is relatively early. Many small and micro enterprises have been on holiday and may not start construction until mid February. In addition, due to the epidemic situation, rain and snow weather and other reasons, the overall launch pressure faced in January is still relatively large.”
“The specific task indicators of the first quarter have not come down, but at present, I feel that it is still more difficult to expand customers.” Chen Yue (pseudonym), the corporate credit manager of a joint-stock bank Beijing Branch, said that at present, the external competition is relatively fierce. The bank has little advantage over large banks in loan pricing. At the same time, the internal compliance requirements of the bank are relatively high, so it is really difficult to expand customers.
“At present, there is fierce competition among banks. As far as I know, some enterprises can apply for millions of running loan lines in some banks even if their income is not very good.” Chen Yue said that many enterprises now require to apply for credit loans, but from the perspective of risk control, some enterprises should still provide guarantee.
There are also Bank projects with sufficient reserves. Bank Of Hangzhou Co.Ltd(600926) recently said in an institutional survey that the credit demand in the bank’s business area is relatively strong. In the fourth quarter of 2021, the bank has accumulated sufficient credit reserves. Since the beginning of 2022, the bank is actively carrying out special marketing activities for spring ploughing action to accumulate momentum for credit reserves.
Everbright Securities Company Limited(601788) Wang Yifeng, chief analyst of the financial industry, said that according to his research, the surveyed banks generally said that the intensity of project reserves was lower than that in the same period last year, but some banks said that the project reserves were relatively sufficient. At this stage, the project reserves can support about 40-50% of the credit supply in the whole year.
high growth enterprises are favored
For the focus of credit extension, the CBRC made arrangements at the 2022 working meeting held recently. It is proposed to reasonably increase the financing supply and ensure the financing of key areas and major projects in the 14th five year plan. We will support moderately advanced infrastructure investment. Promote the financing increment, expansion and price reduction of small, medium-sized and micro enterprises. Innovation supports major national scientific and technological tasks and better serves key core technology research enterprises and “specialized and special new” enterprises.
Many interviewees mentioned that the current competition of banks for high-quality customers is fierce. How to define quality customers? “Growth” or key words.
“We have to make loans for entrepreneurship and innovation, agriculture related and poverty alleviation industries, but we still attach great importance to the growth of enterprises. On the basis of not giving priority to neglect, when facing science and innovation enterprises and high-end manufacturing enterprises, we will try our best to innovate some products and services according to their characteristics.” Liu Wei said that for example, for some scientific and innovative enterprises lacking mortgage, the bank innovatively launched intellectual property mortgage credit products.
“We don’t just let go of the loan. We hope to bind a growing customer through a credit business.” Chen Yue said that judging whether an enterprise is of high quality mainly depends on whether its industry and business are promising, whether it has core technology, whether it is irreplaceable, and so on.
“a good start” is still uncertain
The difficulty of “getting off to a good start” exists objectively, but it is both pressure and driving force. Many experts believe that under the background of policy guided credit growth, there is still uncertainty about the “good start” of credit.
“Compared with the same period last year, the credit increment in January may not be so fierce in quantity, but it has maintained positive growth so far.” Liu Wei said.
Bank Of Hangzhou Co.Ltd(600926) said that from the perspective of “a good start”, the increment of credit supply in the first half of January 2022 has been higher than that in January last year, and the subsequent increment can be expected.
“The credit supply in the first quarter is expected to show a trend of ‘not strong in January and not weak in the first quarter’.”. Wang Yifeng said that since the middle of January this year, credit has been put into force, but as the Spring Festival approaches, the pace of credit will slow down in the last week of January; In February, due to the great pressure of credit amortization during the Spring Festival and other factors, it was difficult to significantly increase the amount of credit; However, in March, it is expected that with the further effect of loose monetary policy, the credit supply will accelerate the recovery, the loan supply will be significantly repaired in March, and the first quarter will still be the high point of the whole year’s credit supply.
Zhou kunping, a senior expert at the financial research center, predicted that the credit of the enterprise sector has entered the off-season of winter production, the activity of enterprise production and operation further declined in January, and the financing demand is still not booming. However, under the influence of policies to guide credit growth and promote the stability of the real economy, with the superposition of the “good start” of credit at the beginning of the year, the scale of new credit of enterprises may exceed the level of the same period last year. The policy is driven forward, and the bank made a “good start” at the beginning of the year. It is expected that the new credit volume in January will reach 3.7 trillion yuan, higher than that in the same period last year.
