Banks post worse credit quality in Q1
Print Edition
CREDIT quality in China’s commercial banks worsened in the first three months of this year for the 11th straight quarter, the China Banking Regulatory Commission said yesterday.
Their non-performing loan ratio rose to 1.75 percent at the end of March from 1.67 percent at the end of 2015 — the 11th consecutive quarterly rise, the CBRC said in a statement.
The total outstanding NPLs rose to 1.39 trillion yuan (US$213 billion) from 1.27 trillion yuan a quarter earlier, the CBRC data showed.
The Agricultural Bank of China had the highest NPL ratio at 2.39 percent, followed by China Merchants Bank’s 1.81 percent.
PricewaterhouseCoopers said in a report that it saw credit quality pressure to linger for at least the following two years, and that the NPL ratio may hit 2 percent by the end of this year.
The CBRC data also showed that net profits of banks rose 6.32 percent year on year in the first quarter to 471.6 billion yuan, and their core tier-1 capital sufficiency added 0.05 percentage points to 10.96 percent.
The financial statements of 16 listed commercial banks showed that 10 of them posted higher NPL ratio and four reported a decline.
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