BEIJING - The ratio of non-performing loans for commercial banks in China climbed to 1.08 percent by the end of June, up 0.04 percentage point from the end of March, latest official data showed.
By the end of June, non-performing loans in the banking sector stood at 694.4 billion yuan ($112.84 billion), 48.3 billion yuan more than the previous quarter, according to a report released by the China Banking Regulatory Commission.
The regulator said the banks' credit risks were slightly up but the quality of their credit assets remained generally stable. In addition, the sector had fairly strong capability of risk compensation, with a loan loss reserve totaling 1.83 trillion yuan at the end of June.
In the first six months, profits of China's commercial banks rose 13.96 year on year to 858.3 billion yuan, the report said.
During the same period, loans targeting agriculture climbed 16.6 percent year on year while those for small and micro businesses increased 16.9 percent, as China stepped up credit support for the two sectors.
 |
 |
| Nation's big five banks plan bond sales in order to boost their capital | More lenders make RRR cuts |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
