Bad loans of China’s banks hit US$177b
Print Edition
CHINESE lenders saw their bad-loan ratio increase to 1.5 percent at the end of June, the country’s banking regulator said yesterday.
The ratio was 0.11 percentage points higher than it was at the end of March, with the value of outstanding non-performing loans (NPLs) rising 109.4 billion yuan to 1.1 trillion yuan (US$177 billion), the China Banking Regulatory Commission said.
An NPL is a loan that is in default or close to being in default.
The CBRC said the commercial banks’ credit risk is “generally controllable” and that lenders’ overall capability to offset risks remains stable.
The banks’ loan loss provisions, or funds set aside to cover potential loan losses, rose 83.5 billion yuan to 2.17 trillion yuan at the end of June.
The average capital adequacy ratio, the proportion of a bank’s capital to its risk-weighted assets, fell 0.18 percentage points to 12.95 percent, but the CBRC said the level was still “relatively high.”
At the end of June, Chinese banks’ total assets grew 12.75 percent year on year to reach 188.5 trillion yuan, it said.
Outstanding loans to the agricultural sector, as well as those to small and micro-businesses grew 11.5 percent and 15.5 percent year on year, respectively, outpacing average loan growth, the regulator said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
