Chinese banks’ H1 profits see slower increase

Advanced Search

The story appears on

Page A9

August 11, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Chinese banks’ H1 profits see slower increase

Source: Xinhua | August 11, 2016, Thursday |

Print Edition

PROFIT growth for Chinese commercial banks slowed this year, the banking regulator said yesterday.

The net profits of commercial lenders reached 899.1 billion yuan (US$135.14 billion) during the first half of the year, up 3.17 percent annually, according to a statement on the website of the China Banking Regulatory Commission.

The assets of the banking sector jumped 15.7 percent from a year earlier to 218 trillion yuan at the end of June, while liabilities were 201.8 trillion yuan, up 15.2 percent year on year.

Banks continued to lend to agriculture, small and micro enterprises as well as affordable housing projects.

There were 27.3 trillion yuan in outstanding agriculture-related loans at the end of June, up 8.7 percent year on year. Outstanding loans to small and micro firms were 25 trillion yuan, up 13.2 percent.

Loans to pay off credit card debt surged 17.2 percent and loans to affordable housing projects jumped 62 percent during the first half of the year, outpacing average loan growth.

Commercial banks' non-performing loans increased by 45.2 billion yuan to 1.44 trillion yuan at the end of June. The NPL ratio was 1.75 percent, flat from the end of March.

The capital adequacy ratio of commercial lenders stood at 13.11 percent at the end of June, down 0.25 percentage point from the end of March, the statement said.

Business Finance

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

Chinese banks’ H1 profits see slower increase

Email this to your friend