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ID:59564814
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时间:2020-11-11
《国有银行不良资产演示教学.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、国有银行不良资产NPLsofFourSOCBsNPLsofFourSOCBsNPLsofFourSOCBsOriginsofNPLs•Policyloans•SOEsversusprivatesector•HighlevelofdebtofChinesecompanies•Interestratecontrol–Lowbaserate;lowerthanUSA,IndiaandKorea–Lowspreadbetweenthedepositandlendingrates•LaevenandMajnoni(2003):in2000,China:3.6%andaverageof106cou
2、ntries:6.67%•PoormanagementandmoralhazardCapitalsRaisedbyChineseCompaniesYearStockissueLoangrowthStockissue/Loangrowth1993314.546335.404.961994138.057216.621.911995118.869339.821.271996341.5210683.333.201997933.8210712.478.721998803.5711490.946.991999897.3910846.368.2720001541.0213346.6111.55200
3、11182.1312439.419.502002779.7518979.204.112003823.1027702.302.97Datasource:INFOBANKReasonsfortheDecreaseinNPLsratio•Increaseintotalamountofloans–In2003,thenetincreasewasRMB2,770billions(24%totalloansbetween1991-2003)•DecreaseinNPLs–Capitalinjectionbygovernment–TransferofNPLstoAMCs–InQ2of2003,NPL
4、sincreasedbyRMB18.3billionaftertakingintoaccountofNPLstransfers•ChangeinmaturitystructureofloansMethodsofNPLDisposal•Capitalinjectionbygovernment•EstablishmentofAMCs–FinancingofAMCs–Methodsofassetdisposal•Auction•Equity-debtswap•Assetbackedsecurities–Increasinglymoredifficult•Directdisposalbyfou
5、rSOCBsNPLDisposalbytheAMCs(Asofend-Q3,2004)AMCsNPLdisposedCashAssetrecoveryrate%recoveryrate(%)Huarong1745.627.3520.34GreatWall1832.415.6410.56Orient966.829.9121.89Cinda1331.439.1533.20AMCsoverall5876.226.79%20.46%(Source:PBC,CBRC)NPLsandFinancialStabilityofChina•NPLscontinuetoemergeinlargeamoun
6、t–ThenewNPLsinthenextthreeyearswillbebetweenRMB600billionto1,050billion(Zhong,2004).•Liberalizationofbankingsector•Capitalinjectionbygovernmentisbecomingmorelimited–RapidincreaseingovernmentdebtConcludingRemarks•Verylimitedsuccess•Criticalinthenextfewyears•Goingpublicmayhelpbutdoesnotsolvethefun
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