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大行評級|瑞銀:香港金管局擴大放寬按揭成數生效期對港銀正面
格隆匯 06-17 10:40

瑞銀髮表報吿指,香港金管局擴大放寬按揭成數生效期對港銀正面。該行認為,進一步放寬按揭成數規則可能會增加銀行的按揭需求,但影響可能相對有限。報吿引述港媒報道有港銀收緊納米樓按揭封頂息,封頂息高見P+1,意味着實際按息可能從4.125釐升至5.8釐。該行認為,如果美聯儲不及時降低政策利率,所有住宅抵押貸款的上限利率都會面臨上行風險。考慮到截至今年4月,住宅抵押貸款佔銀行系統貸款總額的19%,此舉將進一步緩解銀行的淨息差壓力。

瑞銀指,仍然看好香港銀行業,原因包括8%至10%的高派息收益率;充足的資本緩衝應對緩慢的風險加權資產增長,顯示有進一步提高股東回報的空間;市場預期美聯儲將推遲並下調減息幅度,支持銀行的淨息差;內地房地產政策大幅放寬,顯示銀行內地房地產風險敞口降低。不過,該行指,近期按揭收緊,可能對房地產銷售和開發商產生負面影響。該行房地產團隊預測香港全年住宅樓價將下降0至5%。

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