The financial report of the fourth quarter of 2022 and the disclosure from the leaders of the banks show somewhat the picture of real estate credit last year. In addition to banks that maintain the ratio of real estate loans to total outstanding loans at less than 30%, there are units that record this ratio above 70%.
Which bank has the “biggest” real estate loan?
Techcombank’s financial report for the fourth quarter of 2022 does not reveal the outstanding balance of personal real estate loans at this bank in 2022, but as revealed by Techcombank leaders at the conference on credit work for the real estate sector. Recently, this target is 190,000 billion VND, a sharp increase compared to 2021. More specifically, Techcombank supports 46,000 customers to buy houses, the average loan balance per customer is more than 4 billion VND. “Nearly 70% of customers who financed home purchases received houses handed over for use and repair,” he said.
The balance of real estate loans to economic organizations shown in the financial statements was 108,906 billion VND, accounting for 25.9% of the total outstanding loans and increasing by nearly 13,000 billion VND compared to the same period last year.
The total outstanding balance on this bank’s financial statements by the end of 2022 is VND 420,523 billion. Thus, if calculating the number announced by the bank’s leaders and the number in the financial statements, the outstanding loans for real estate in general at Techcombank account for 71% of the total outstanding loans. Techcombank is also the bank with the highest real estate lending rate up to the present time, according to the statistics of Techcombank. People.
In fact, for many years now, Techcombank has remained one of the “big guys” in the real estate lending business. In the words of Deputy Governor of the State Bank Dao Minh Tu, the bank is “all-inclusive for the real estate sector”.
How much are banks lending to real estate?
BIDV’s financial statements also do not reveal the number of real estate loans, but according to BIDV General Director Le Ngoc Lam at the last conference on February 8, by the end of 2022, the outstanding loans for real estate BIDV’s assets are VND 275,000 billion, accounting for 18% of total credit balance. This bank said that last year, it focused on the individual customer segment with VND 217,000 billion. “We are still lending and have not reduced or controlled this balance,” he said.
At Vietcombank, the “champion” for many years in terms of banking business results, as revealed by General Director Nguyen Thanh Tung, last year, real estate loans at this bank accounted for over 20%, including lending to businesses and individual customers to buy real estate. Real estate credit growth is about 17%. Mr. Tung also affirmed at Vietcombank, “real estate is an unrestricted field”.
In more detail, at Vietcombank, the outstanding real estate loan for individuals is about 90% of the total credit for real estate. The remaining 10% is loans to real estate businesses, in which businesses focus on real estate development in industrial parks and export processing zones.
“For the field of ecotourism real estate, Vietcombank believes that domestic and international tourism has recovered, so in 2023 there will be policy changes in line with reality. We will choose the reputable real estate businesses to lend,” said Mr. Tung.
As for residential real estate, in 2023, the leader of this bank said that for reputable project developers with transparent finance, reasonable interest rates will be applied, while for individuals, reasonable interest rates will be applied. buying houses will focus on giving priority and being more cautious towards the high-value segment.
Deputy Governor Dao Minh Tu said that for specific problems of real estate businesses, it is necessary to sit down and work with both banks and businesses (Artwork: Huu Nghi).
Nguyen Hoang Dung, Deputy General Director in charge of VietinBank’s Executive Board, said that in the current context, many real estate businesses believe that “the banking industry discriminates against real estate businesses”, but in reality. As a real estate business facing difficulties, the banking industry is “like sitting on a fire”.
“We are on the same boat, rowing at the same time, we have to be very calm, just rowing out of rhythm can cause us to sink. We look forward to working with you to overcome the current difficulties.” VietinBank leader said.
By the end of 2022, according to his disclosure, VietinBank spends more than 21% of its total outstanding loans on the real estate sector, with the remaining nearly 80% of the outstanding balance to be divided among more than 1,000 other industries.
At MB, the outstanding real estate loan by the end of 2022 is 21,358.8 billion dong. According to MB’s General Director Luu Trung Thai, over the years, MB spends about 8% of its annual loan balance on real estate loans. “We consistently choose the segment with demand in big cities, focusing on products with many needs. We also do not tighten real estate loans,” Mr. Thai informed.