Sharp rise in past-due loans spells risks
Print Edition
MAJOR Chinese listed banks suffered a sharp growth in past-due loans in 2015, a report said yesterday, suggesting that lenders continue to see rising risks in asset quality amid a slowing economy.
The past-due loans of the 18 major listed banks jumped 45.67 percent to 1.51 trillion yuan (US$233 billion) at the end of last year, pushing the past-due loan ratio to 2.7 percent, PricewaterhouseCoopers China said yesterday.
The average bad loan ratio in 2015 was 1.65 percent, based on calculations of annual reports from the Big Five lenders, six joint-stock commercial banks and seven city commercial banks, the report said.
“With the ratio of past-due loans posting higher than the non-performing ratio, especially for joint-stock commercial banks and city commercial banks, there’s a high possibility that bad loans will surge further to expose the risks to banks’ asset quality,” said Hu Liang, partner of financial services at PwC China.
Twelve of the 18 banks, including smaller Ping An Bank and Huishang Bank, have more loans overdue for at least 90 days than debts that have gone sour, the report said, suggesting the definition of what constitutes a bad loan has eased.
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