Tighter loan control
Source: Agencies |
December 31, 2015, Thursday
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Print Edition
Print Edition
THE average bad loan ratio of Shanghai lenders was 0.93 percent by November as banks tightened risk control on loans, the Shanghai Banking Regulatory Commission said yesterday.
Total assets under management by the banks totaled 1.38 billion yuan (US$213 million), up 37.1 percent year on year, according to the regulator.
The average non-performing loan ratio for the 16 listed banks in China was 1.45 percent in the first half of the year as country’s economy was expected to grow this year at its weakest pace in almost a quarter of a century.
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