Postal Savings Bank responds to the adjustment of existing housing loan’s interest rates: some preparatory work has been done for re-pricing

At the 2023 interim performance meeting of Postal Savings Bank held on the morning of August 31, regarding the central bank’s previous proposal to guide commercial banks to adjust the interest rates of existing personal housing loans, Liang Shidong, director of the retail business of Postal Savings Bank, responded that the re-pricing will have a certain impact on the personal housing loan revenue of the entire banking industry including Postal Savings Bank. But lower interest rates will promote prepayment and boost market confidence. Liang also said that the Postal Savings Bank sorted out and made some preparations in the early stage because the policies for issuing personal mortgage loans varied in different periods and different regions during the same period. Therefore, they need to spend time doing a good job of label classification, but the work will still be advanced in accordance with regulatory policies. Postal Savings Bank also pays close attention to regulatory developments, analyzes and tracks policies well, and provides services for existing mortgage customers.