UBS Equities-Hong Kong Banks _Assessing the NPL risk of HK CRE loans_ Li-109960767
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- 9.6%/ 8.5% for its HK CRE portfolio, the ECL coverage ratio was just 0.9%. The market
- fall 2.2-2.9ppt from the current 4.0% in order for developers' operating cash flow to
- We carried out a detailed analysis of 32 listed major local property developers (Figure 14). In aggregate, the developers accounted for 46% of the banking system's property
- of HK$24bn (1.5% of property related loans, or 0.2% of banking system loans)
- assuming: 1) 25% of bank loans issued to mid- to small developers are unsecured; 2) a
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