CCB Channels Housing Loans to Large Cities

The China Construction Bank (CCB) plans to increase housing loans by 60 billion yuan (about 7.2 billion US dollars) this year, of which 87 percent will be put in 60 large cities.

A CCB spokesman said this concentration of loans has not only readjusted regional and client housing loan structures, but also effectively minimized credit risks.

The CCB is China's first commercial bank to launch an individual housing loan business, and has been leading the market over the past years. By the end of 2000, the bank had granted a total of 182.3 billion yuan of housing loans, with an outstanding amount of 136.8 billion yuan, making a market share of 42 percent.

He said that in line with the development of the housing loan business, the CCB has adopted a series of measures to control credit risks. In the first quarter of this year, the bank has strengthened its work on credit investigation, quality examination, evaluation of the pledge and the signing of contracts, in order to prevent non-performing loans.






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