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Construction Bank’s nonperforming loans jumped 28 percent in six months to 144.4 billion yuan as of June 30, Sunday’s release showed. That boosted the lender’s bad-loan ratio to 1.42 percent of.
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China may permit more commercial banks to sell bad loan-backed securities. backed by non-performing loans, with a total quota of 50 billion yuan. These banks include the Industrial and Commercial.
Having bad credit does not have to prevent borrowers from getting a construction loan. Many lenders give their clients the opportunity to get a construction loan. Using a loan of this nature can allow you to have a new house constructed, a vacation home built or.
When you need construction loans, bad credit can really limit your options. Loans of all kinds are becoming more difficult to obtain because the standards of lending are getting harder to meet. That doesn’t necessarily mean you’ll have to put your dreams on hold, but you will need to take a few steps before you apply for a construction loan. Construction loans are products offered by banks and other lenders.