BIZCHINA / Biz Media Digest |
Finance: Chinese commercial banks' NPL ratio down to 7.51%(Xinhua)Updated: 2007-01-19 16:58 China's major commercial banks reduced their non-performing loans (NPL) by billions of U.S. dollars last year, according to statistics released by the China Banking Regulatory Commission on Thursday night. Data from the industry watchdog show the non-performing loans of the four state-owned commercial banks, and 12 joint-stock commercial banks, stood at 1,170.2 billion yuan (150.4 billion U.S. dollars), a decrease of 49.4 billion yuan (6.3 billion U.S. dollars) from the level at the beginning of the year. The ratio of NPL loans of all the banks dropped by 1.38 percentage points to
7.51 percent. (For more biz stories, please visit Industry Updates) |
|