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in the first half of this year, there has been no relief in the problem of residents "paying their mortgages early".

according to the latest semi-annual reports of listed banks in 2024, the paper found that among the 19 listed banks in the first and second tiers of the real estate loan concentration management system, the personal housing loan balances of 14 banks decreased in the first half of this year compared with the end of 2023, and only 5 banks increased.

in terms of asset quality, affected by factors such as sluggish real estate sales and slowing economic growth, the non-performing rates of personal housing loans of almost all large and medium-sized banks have increased compared with the end of last year.

among the 14 large and medium-sized listed banks that disclosed relevant data, the non-performing rate of personal housing loans increased at 13 banks in the first half of this year, while that of one bank decreased.

these 19 listed banks include the first-tier large chinese banks, namely icbc, ccb, abc, boc, boc and postal savings bank of china; and 13 of the second-tier 17 medium-sized chinese banks, namely 10 listed national joint-stock commercial banks (cmb, spdb, industrial bank, citic, minsheng bank, everbright bank, ping an bank, hua xia, bohai bank and cz commercial bank) as well as bank of beijing, bank of shanghai and bank of jiangsu.

the six major banks' mortgage loans decreased by more than 320 billion yuan in the first half of the year

as the main force in issuing mortgage loans, state-owned banks are most affected by early loan repayments.

in the first half of 2024, the total personal housing loans of the six state-owned banks decreased by 325.471 billion yuan, while in 2023, the total personal housing loans of the six state-owned banks decreased by 556.857 billion yuan.

in the first half of this year, postal savings bank of china was the only large state-owned bank to achieve growth in personal housing loans. the balances of personal housing loans of icbc, ccb, abc, boc and boc all declined compared with the end of last year.

among them, icbc and abc saw the largest decrease in personal housing loans, with the scale exceeding 100 billion yuan each, followed closely by ccb and boc.

among the 10 joint-stock banks, the balance of personal housing loans of citic bank, ping an bank, zheshang bank and china everbright bank increased, while the balance of personal housing loans of china merchants bank, industrial bank, china everbright bank, pudong development bank, china minsheng bank and bohai bank decreased compared with the end of 2023.

in total, the personal housing loan balances of the 10 joint-stock banks did not drop much. the personal housing loans of china merchants bank and industrial bank decreased by 10.047 billion yuan and 10.741 billion yuan respectively, while the personal housing loans of china citic bank and china zheshang bank increased by 17.286 billion yuan and 17.451 billion yuan.

the balance of personal housing loans of the three city commercial banks all decreased slightly in the first half of 2024.

the non-performing rate of personal housing loans has risen across the board

in the first half of this year, the non-performing rates of personal housing loans of large and medium-sized banks rose across the board. many banks stated in their semi-annual reports that the overall risks of their personal housing loan businesses were controllable.

among the state-owned banks, only postal savings bank of china achieved a "double reduction" in personal housing loan non-performing loans. the non-performing loan ratios of icbc, ccb, abc, boc and boc in the first half of 2024 increased by 0.16, 0.12, 0.03, 0.07 and 0.11 percentage points respectively.

in terms of absolute value, among the six major banks, as of the end of june, icbc had the highest non-performing rate of personal housing loans, at 0.60%, while bank of communications had the lowest non-performing rate of personal housing loans, at 0.48%.

among the joint-stock banks, the non-performing loan rates of the seven banks (china merchants bank, industrial bank, citic bank, shanghai pudong development bank, minsheng bank, ping an bank, and bohai bank) that disclosed the asset quality of personal housing loans all rose. among them, the non-performing loan rate of personal housing and commercial housing loans of bohai bank reached 1.31%, and the rest were all below 1%. the non-performing loan rate of personal housing loans of china merchants bank was the lowest among the joint-stock banks, at 0.4%.