City鈥檚 non-performing loan ratio rises
Print Edition
SHANGHAI’S non-performing loan ratio increased 0.05 percentage points by the end of June from a year ago, below the national average, the Shanghai Bureau of the China Banking Regulatory Commission.
Non-performing loans reached 41.4 billion yuan (US$6.7 billion) in Shanghai at the end of June, rising 5.5 billion from the same period last year. The bad-loan ratio rose from 0.83 percent to 0.88 percent, the Shanghai Bureau of the CBRC said yesterday.
According to the CBRC, the non-performing loan ratio nationwide was 1.04 percent as of the end of March.
Outstanding lending to small companies rose 10.8 percent year on year to 904.4 billion yuan during the same period, 2.96 percentage points higher than the average growth of all types of loans.
Outstanding loans at banks inside the China (Shanghai) Pilot Free Trade Zone reached 64.5 billion yuan, accounting for 1.4 percent of the city’s total by the end of June. Deposits at banks in the FTZ totaled 91.9 billion yuan, 1.3 percent of the city’s total.
Outstanding loans for affordable housing projects reached 89.9 billion yuan by the end of June, up 19.5 percent from a year earlier.
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