No Data
State-owned banks are aggressively entering the market, will personal consumer loans become the new "king of competition"? Industry insiders say: the market space has not yet reached its peak.
In recent days, many major banks have successively announced relevant special plans and vigorously entered the Consumer loan market. Since the beginning of the year, the interest rates on bank Consumer loans have successively broken the "2.6" and "2.5" thresholds, with the lowest rate now dropping to around 2.4%. The state-owned large banks first squeezed not the space of local commercial banks, but rather various illegal and legal online lending and Internet loan platforms. However, banks still need to strengthen risk management to reduce subsequent non-performing loans.
The LPR Quote for March is out: both the 5-year and 1-year rates remain unchanged.
The loan market Quote interest rate (LPR) for March has been announced: the LPR for more than 5 years is 3.6%, the same as last month at 3.6%. The 1-year LPR is 3.1%, the same as last month at 3.1%.
Fitch Rates Bank of China Luxembourg Branch's Proposed US Dollar Notes A(EXP)
Exclusive | After 2.58% comes 2.49%! Some Banks' consumer loan interest rates have reached new lows, breaking through the significant thresholds of "2.6" and "2.5".
① After applying limited-time coupons, some banks like the Bank Of Beijing and Bank Of Ningbo have lowered the interest rates on consumer loans to an annualized 2.5%, with the minimum rate being 2.49%. ② Recently, there has been a clear downward trend in personal consumer loan interest rates. Since the beginning of the year, the interest rates for personal consumer loans at major commercial banks have successively fallen below the thresholds of "2.6" and "2.5." ③ While widening income sources, industry insiders remind to pay attention to the balance between innovation and compliance.
In-depth | New policies for loans to technology enterprises for mergers and acquisitions have been implemented for half a month, and national Banks are "competing" for publicly listed companies that are Specialized, Special and New, while city commercial
① Less than two weeks after the new policy implementation, some large state-owned banks and joint-stock banks have already responded. In most cases, the businesses receiving credit loans have both the labels of listed companies (or potential listings) and Specialized, Special and New. ② Compared to the steady advancement of large state-owned banks and joint-stock banks, the actions of city commercial banks are currently noticeably slower. ③ Technology merger and acquisition loans inherently have limitations and are suitable for regions with many technology companies and strong innovation capabilities, such as Beijing, Shanghai, and Guangzhou.
Market Chatter: Bank of China Bank to Boost Private Enterprise Financing in 2025
