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Ping an Bank said loans to small and micro enterprises tilt

After several cities said ping an Bank has suspended two mortgage statement, ping an said will keep issuing mortgages, but because the credit resources are strained, will make some adjustments this year, and more support for small and micro business development.
after multiple cities said ping an Bank has suspended two mortgage statement, ping an Bank says it will continue granting mortgages, but because of tight credit, will make some adjustments this year, and more support for small and micro business development. According to ping an Bank 2012 annual report, mortgage, its retail lending accounted for 10%, but the lowest mortgage rate on all loans. In 2012, the ping an Bank achieved operating income of 39.75 billion yuan, an increase of 34.19% net profit of 13.4 billion yuan, an increase of 30.4%. But bad loans reached 6.87 billion yuan, representing a growth of 108.36%; bad 0.95%, increased by 0.42% over the year.

 

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