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Now a critical situation of the steel trade enterprise UNPROFOR credit

Was bank "package" to prosecute
 
Recently, the steel trade and industry loan event of default continues to upgrade more than 20 steel trade enterprise can not repay the loan maturity, and people's livelihood, Everbright Bank to court.
 
Recently, a Shanghai Court Network public message to the attention of the Futures Daily Reporter. Forthcoming hearing in August, a series of bank prosecute cases of the steel trade enterprises, the indicted companies enough to have more than 20 reasons are financial loan contract disputes. Among them, the Minsheng Bank, Shanghai Branch prosecution of Steel (Group) Co., Ltd. of Shanghai Hui Jin, Everbright Bank, Shanghai Jinshan Branch v. Shanghai eagerly Steel Trade Co., Ltd..
UNPROFOR credit is now a critical situation
 
According to reporter understanding, the reason why the steel trade enterprises will be "packaged" to prosecute, from the steel trade and industry, "a prosperity, a loss or declining" guaranteed loans mode.
Public data shows, the steel trade and industry from 2000 UNPROFOR mutual financing model, and peaked in 2009, this financing model. 2011, the steel trade loans of 1.89 trillion yuan over the same period total loans of 54 trillion yuan, the proportion of the steel trade loans in the entire bank loan of up to 3.5% With the continuous decline in steel prices since June this year, as well as bank lending the tightening of loan default problems of the steel trade and industry has concentrated outbreak.
 
"Although steel trade and industry loan disputes are frequent, but evolution is not for large-scale systemic default risk of the possibility of surface tension of funds, the business of many traders are very robust." An industry source told reporters that the risks to consider, the UNPROFOR between the steel trading business is also very cautious before UNPROFOR will confirm whether the private lending.
UNPROFOR system itself, the person has made ??a number of pertinent observations: "The HSP system in the boom of the steel trade and industry, promoting growth played an important role in market downturns, banks and steel trading business, is clearly UNPROFOR the lack of awareness of risk exposure system, which is that both sides need to reflect on. "



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