hi HiEquity
have a look at what the chinese banks have bought and also have alook at what they have lots with regards to the global melt down
they bought a few banks
they wiped off there bottom lines not bad debt
but debt to banks ith bad debt
big difference
the bad debt was also not indicated before they bought in.
as for your question.
Just wondering if any brokers out there have any feedback on how the likes of BOC stack up from a DSR / Deposit POV? Their SVRs look attractive enough
I don't know of many brokers working with these banks
why because broking is a bit foreign to asian banks and is not the normal way of business they see it as a second layer that they don't like
they see it as more of a hinderance then benefit.
and like to deal with the client direct
when its a syndicated loan its alot easier for them as they expect to have negotiators or finance people involved.
this will change but I think just not soon chinese or asian finance has alot to do with trust again thats a bit foreign to the west.
we work on the banks screw us and we screw the banks
so not alot of trust
the banks don't even trust enough to lend us a 1000,00 credit card without checking with craa
where as the asian lending is built on trust
so even craa is not some thing they have as norm for there lending
they do understand that they have to adjust to this market and have
but watching what brokers do, have done and do do I think they will take some time before brokers are added to their list of things to be done
I ask once about them and head office said that it was one of the items to be discussed but was not on the list for some time
the great wall of china was built in some time.
I have not spoken to boc for some time as they are looking at resi lending more then comm
but when I spoke to them then they did not nor were they looking at a broker network
