Since December, five banks have “Shangxin” 15 non-performing personal loan transfer projects, with a total outstanding principal and interest of more than 2.6 billion yuan.
Since the pilot “opening” of batch transfer of personal non-performing loans at the beginning of this year, the batch transfer business of personal non-performing loans is still in the exploratory stage, and most banks have adopted the strategy of “small package drill”. Experts believe that the pricing mechanism is not mature and the disposal capacity of the transferee needs to be improved, which are the main difficulties faced by the current market.
5 banks “Shangxin” personal loan non-performing asset package
Near the end of the year, the non-performing personal loan transfer market is somewhat lively. According to the information of the banking credit asset registration and Circulation Center Co., Ltd., since December, Ping An Bank Co.Ltd(000001) , Guangdong Development Bank, Industrial Bank Co.Ltd(601166) , Postal Savings Bank Of China Co.Ltd(601658) and China Citic Bank Corporation Limited(601998) have posted a total of 15 personal non-performing loan transfer announcements.
According to the statistics of China Securities Journal and China Securities Taurus reporter, since December, nine new personal loan non-performing asset packages have come from Ping An Bank Co.Ltd(000001) , and the total amount of outstanding principal and interest has exceeded 100 million, of which the total amount of outstanding principal and interest of three asset packages has exceeded 400 million yuan.
Since this year, Ping An Bank Co.Ltd(000001) has launched 22 non-performing loan asset packages. Guo Shibang, vice president of Ping An Bank Co.Ltd(000001) said that the pilot policy of batch transfer of personal loans can enable Ping An Bank Co.Ltd(000001) to clear the bad personal loans in batches, quickly recover the funds occupied for a long time, and invest the funds in the industries, regions and groups most in need, so as to better serve the real economy from the consumer end.
Since the pilot transfer of single household corporate non-performing loans and batch transfer of individual non-performing loans was carried out at the beginning of this year, all market participants have accelerated their admission. According to the information of yindeng center, as of December 24, the number of institutions that have opened non-performing loan transfer business accounts has reached 539. Among them, the transferor includes 6 state-owned banks, 12 joint-stock banks and their branches, and the transferee includes five national asset management companies (AMCs) and their local branches, 49 local AMCs and 5 financial asset investment companies.
pricing difficulties still exist
Experts said that there is great potential in the non-performing transfer market of personal loans.
Zeng Gang, deputy director of the national finance and development laboratory, said that in the past few years, banks have made great efforts in retail transformation, resulting in a significant increase in the proportion of personal loans in the bank loan structure, and the amount of personal non-performing loans has also increased accordingly. At the same time, the non-performing risk of personal loans also tends to be gradually exposed. On the one hand, some late developing banks have increased their efforts to expand retail business, resulting in sinking customers and rising risks; On the other hand, affected by economic fluctuations and the epidemic, it is expected that non-performing personal loans may continue to rise in the future.
NPL transfer of personal loans is an emerging market. Although it has achieved certain results, it is still in the initial stage of exploration and practice from the perspective of overall market development. From the asset package launched this year, most banks still focus on “small package drill”.
For the current pain point in the development of the non-performing transfer market of personal loans, many experts have mentioned the difficulty of pricing. Du Yang, a postdoctoral fellow of Bank Of China Limited(601988) Research Institute, said that previously, the batch transfer of non-performing personal loans was not allowed, and the relevant pricing models and pricing mechanisms lacked experience. The pilot is mainly aimed at credit personal non-performing loans, which are large-scale and scattered, and the stability of cash flow is not high, so it is difficult to form an effective prediction.
“Since the release of the first announcement on the transfer of personal non-performing credit loans in February this year, the transaction premium has fluctuated sharply, up to nearly 200% Du Yang said that although the fluctuation level has decreased significantly with the gradual stability of the supply and demand sides of the transfer market and the gradual improvement of the pricing mechanism, it still reflects that the current market is not mature, which increases the concerns of commercial banks, resulting in the launch of smaller asset package targets.
In addition, the disposal capacity of asset management companies (AMC) needs to be improved. Business people related to guohou assets said that AMC had been deeply engaged in corporate business for a long time and lacked business development experience in the field of personal loan. There were many deficiencies in the evaluation and adjustment of personal loan asset package, the construction and maintenance of personal loan system, talent team and operation. For example, in terms of collection, personal loans have no mortgage assets, and the number of households is often large. In addition, due to the lack of mature system, it is very difficult to identify, screen and collect.
(China Securities Journal)
