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Chinese lenders' NPL ratio dips
Source: Xinhua |
February 27, 2010, Saturday
|
Print Edition
Print Edition
NON-PERFORMING loan ratio at Chinese financial institutions dipped 0.1 percentage point to 1.48 percent in January, the China Banking Regulatory Commission said yesterday.
China's banks reported 483 billion yuan (US$70.7 billion) of NPL at the end of January, down 14.3 billion yuan from the start of the month, the CBRC said in a statement on its Website.
Chinese banks' total assets rose 25.5 percent over the year to 80.5 trillion yuan as of the end of January.
New loans in January totaled 1.39 trillion yuan, down 230 billion yuan from January 2009.
CBRC Chairman Liu Mingkang said the government will restrict credit supply to 7.5 trillion yuan in 2010.
The CBRC has ordered banks to manage risks carefully and to verify that loans are used for their intended purposes.
China's banks reported 483 billion yuan (US$70.7 billion) of NPL at the end of January, down 14.3 billion yuan from the start of the month, the CBRC said in a statement on its Website.
Chinese banks' total assets rose 25.5 percent over the year to 80.5 trillion yuan as of the end of January.
New loans in January totaled 1.39 trillion yuan, down 230 billion yuan from January 2009.
CBRC Chairman Liu Mingkang said the government will restrict credit supply to 7.5 trillion yuan in 2010.
The CBRC has ordered banks to manage risks carefully and to verify that loans are used for their intended purposes.
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