Agricultural Bank of China: Execution Interest Rate Of Newly Issued Personal Housing Loans Has Dropped By More Than 100 Basis Points

Published: May 4, 2023 16:43

Save

According to the Beijing News, on April 28, the Agricultural Bank of China held a performance briefing for the first quarter.

Zha Chengwei, general manager of the Personal Credit Department of the Agricultural Bank of China, said that the bank will actively follow the dynamic adjustment mechanism of the first set of housing loan interest rates and the requirements of "benefiting enterprises and people", and guide the branches in corresponding cities to lower interest rate pricing in a timely manner.

In March 2023, the new executive interest rate of personal housing loans issued by the Agricultural Bank of China was 4.13%, a year-on-year decrease of 136.5 basis points.

Macro economy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Aurubis Launches €190M CRH Facility in Hamburg for Advanced Metal Recycling

Aurubis commissioned the "Complex Recycling Hamburg (CRH)" I at its Hamburg site, a world-first facility with an investment of 190 million euros aimed at strengthening Europe's strategic metal recycling capabilities. The plant can process copper, lead, and sulfur simultaneously in a single production unit.

17 hours ago

KGHM Commits $8.55B to New Strategy, Targets Increased Copper and Silver Production by 2030

Poland's copper and silver producer KGHM adopted a new strategy on Friday, committing to invest more than 32 billion zloty ($8.55 billion) by 2030 while setting new production and profit targets.The plan, called "Strategy 2055+", targets payable copper production of 730,000 mt and silver production of 1,290 mt from 2026 to 2030.The company's chief executive officer, Remigiusz Paszkiewicz, said, "After 2035, we hope KGHM becomes a modern, multi-raw-material industrial group."He added that the company plans to build a new mine called "KGHM2.0" in Poland.

17 hours ago

Antofagasta Plans Q4 Environmental Application for Copper Exploration Expansion in Chile

An internal company document shows that Chilean copper miner Antofagasta plans to submit an environmental application in Q4 this year to expand exploration activities at its Encierro and Volcanes projects.The move marks an important step forward for two of Antofagasta’s long-term copper growth options. Currently, major global miners are racing to replenish their copper project pipelines, while in Chile, the top copper-producing country, they face challenges including permitting processes, water restrictions, and aging deposits.

17 hours ago