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The growth was CNY 38.695 billion lower than that in the previous year.
Loans for home development increased CNY 3.013 billion in 2008, outperforming the 2007 growth by CNY 16.59 billion. But newly added home development loans decreased in the last five months of 2008.
Outstanding commercial property development loans went up CNY 11.345 billion during last year, and the growth accelerated CNY 4.83 billion year on year.
Outstanding personal home mortgages reached CNY 310.769 billion at the end of 2008, rising CNY 8.89 billion from the year's beginning, with the growth underperforming the previous year's by CNY 34.599 billion.
Balance of non-performing home mortgages decreased CNY 254 million to CNY 1.872 billion at the end of 2008. And non-performing home mortgage ratio declined 0.1 percentage points to 0.6%.
Source: www.nbd.com.cn (February 19, 2009)
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