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NPLs touch 10-year high of US$195b
Print Edition
CHINA’S non-performing loans reached a 10-year high of 1.27 trillion yuan (US$195 billion) at the end of 2015, the country’s banking regulator reported, as the world’s second-biggest economy continues to struggle with mounting debts.
The average commercial bank NPL ratio rose to 1.67 percent at the end of December from 1.59 percent three months earlier, the China Banking Regulatory Commission said in a statement yesterday.
NPLs increased by 88.1 billion yuan over the last three months of the year to 1.27 trillion yuan, the highest since the second quarter of 2006.
Special mention loans, referring to debts that could potentially turn sour, rose to 2.89 trillion yuan, the CBRC said, an increase of 80 billion yuan from the end of September, underscoring how mounting debts have weighed on Chinese lenders in the face of slowing economic growth.
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