Related News
BIS warns of impending banking crisis
Print Edition
The high-risk loans extended by the Chinese banks during the 2008 global financial crisis may likely come to haunt them after the Bank of International Settlements suggested in a report that China, Brazil and Turkey could face possible banking crisis due to growing credit and bad debt in three years time.
China鈥檚 ratio of credit to gross domestic product, which measures how much private-sector credit has deviated from its long-term trend, stands at 25.4 percent, BIS said on Sunday. The figure is the highest among major economies, followed by Turkey鈥檚 16.6 percent and Brazil鈥檚 15.7 percent.
鈥淗istorically, a country with a ratio above a 10 percent threshold has a two-thirds chance of 鈥榮erious banking strains鈥 occurring within three years,鈥 BIS said. 鈥淓arly warning indicators of banking stress pointed to risks arising from strong credit growth,鈥 the report noted.
The world鈥檚 No. 2 economy loaned out a record 17.6 trillion yuan (US$2.8 trillion) in 2008.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
