商业银行不良资产证券化现实需求与制约因素

The Actual Demands and the Constraining Factors in Commercial Banks' Non-performing Asset Securitization

受经济增速放缓、微观企业结构调整影响,银行不良贷款余额和不良贷款率持续双升,不良贷款率逐渐逼近银行业2%风险警戒线,由此催生银行不良资产证券化需求。作为一种更市场化、批量化、透明化的不良资产处置渠道,证券化能提高不良资产处置效率和效益,缓解银行资产质量风险。然而,国内有关实践受会计处理不一致、信息披露不完善、二级市场流动性不足等诸多因素制约。因此,需进一步发挥政府主导作用,逐步消除不良资产证券化障碍,切实推进不良资产证券化发展。

Affected by the slowdown of economy and the micro-adjustment of enterprises structure, both the non-performing loans( NPLs)balance and the NPLs ratio of commercial banks continue to rise. And the NPLs ratio is gradually approaching the 2% risk warning line. As a more market-oriented, massive and transparent disposal channel, securitization could improve the disposal efficiency and profit of NPLs and alleviate the risks of commercial banks. However, some factors, as non-consistent accounting treatment, imperfect information disclosure and liquidity shortage in secondary market, are seriously constraining the development of securitization. Therefore, to further the development of NPLs securitization, it's necessary to promote the leading role of the government and eliminate the constraining factors of NPLs securitization gradually.