Banking News
- NPL ratio of China's major commercial banks at 7.02 percent in 1st quarter
Date: 17-May-2007 Sources: (Xinhua Online)
China's seventeen leading commercial banks had a non-performing loan ratio averaging 7.02 percent end March 2007.
Their combined non-performing loans stood at 1.16 trillion yuan (151billion U.S. dollars), sources with the China Banking Regulatory Commission said on Wednesday.
The total included 1.06 trillion yuan (138 billion U.S. dollars) for the five big banks, with an NPL ratio of 8.2 percent, and 100 billion yuan (13 billion U.S. dollars) for the 12 midsized banks, with an NPL ratio of 2.78 percent.
The big five are the Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China and Bank of Communications.
The 12 midsized banks include CITIC Bank, Everbright Bank, Huaxia Bank, Guangdong Development Bank, China Merchants Bank and China Minsheng Banking Corp.
The sources said the data in 2007 cannot be compared with data from a year back because the statistical methods used are not the same.
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