Gradually tightened capital flows into real estate

06/03/2017   Viewed: 620
Since late 2016, the Bank (NH) State had written 7586, required banks to control lending growth tight real estate (real estate), the granting of credit check for a large number of investors ...
 
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In fact, the bank also took the initiative to adjust. Real estate credit in 2014 accounted for 14% of total loans, in 2015 only 12.3% and by the end of 2016 was 10%.
 
Besides, the central bank also has provisions on the rate of use of short-term loans to long term loans. Currently this ratio reached almost provisions are pressing to enter the real estate funds (mainly long-term loans).
 
Nguyen Hoang Minh, deputy director of the HCM City Branch of the State Bank, said the rate of use of short-term capital for long-term loans of many banks is nearly touching the ceiling of 50% allowed.
 
According to Mr. Minh, though no rate NH violate used short-term capital for long-term loan, but wants to extend long-term loans, including real estate loans, banks only way is to promote mobilization long-term capital, if not the old debt collection.
 
Investors and project owners are increasingly under pressure in terms of capital, making them capable of offering discounts to the capital.
 
Leaders of a bank based in District 3 for that property when running low on capital, the investor group to buy resale and project owners, especially in the segment of luxury real estate, will be affected.
 
General Director of a joint stock bank headquartered in District 1 with the regulator also raised funds for such property, the new real estate projects implemented, not yet committed capital banks will inevitably be affected by the difficult NH lending more.
 
In fact, most banks have reached a ceiling rate of using short-term funds for long-term loans.
 
"As our bank this ratio stood at 47%, the ceiling should aim was to promote the mobilization of long-term capital planning and capital increase this year.
 
As to 2018, the rate of use of short-term capital for long-term loans will continue to fall another 10%, about 40%, "the general manager added.
 
Home buyers will also be affected. Because banks have increased deposit interest rates for long terms, buyers can expect to pay up to 12% interest rate / year, even higher. According to experts, this will be a burden for homebuyers and forcing them to weigh more than the loan.
 
However, the economic expert Nguyen Tri Hieu said that the tightening of capital flows into real estate NH State is justified because the last time the credit was overheating. If no adjustments will easily lead to asset bubbles.
Anh Hong (Youth)

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