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Bad loans down
January 17, 2009, Saturday
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Print Edition
Print Edition
COMMERCIAL banks in China reduced their ratio of bad loans to 2.45 percent at the end of last year from a year earlier to 568.18 billion yuan (US$83.1 billion), the China Banking Regulatory Commission said yesterday. The bad-loan ratio was 3.71 percentage points lower than a year earlier, the regulator said in a statement on its Website. Assets of financial institutions in China increased 18.6 percent to 62.4 trillion yuan, and liabilities increased 18.2 percent to 58.6 trillion yuan, the regulator said.
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