Chinese lenders' bad loan ratio decreases

Updated 2017-06-23 09:55:23 Xinhua

Chinese lenders saw their bad loan ratio decline by the end of May, fresh evidence of improved bank asset quality, the top banking sector regulator said.

Their bad loan ratio stood at 1.99 percent by the end of last month, 0.16 percentage points lower than a year earlier, Liu Zhiqing, deputy head of the prudential regulation bureau of the China Banking Regulatory Commission (CBRC), said Thursday at a press briefing.

The value of outstanding non-performing loans (NPL) stood at 2.3 trillion yuan (about 337 billion U.S. dollars) by the end of May, said Liu.

NPL ratios at banks in coastal areas including Shanghai, Jiangsu, Zhejiang and Guangdong have declined substantially from a year ago, said Liu.

The bad loan ratio for Chinese lenders was 1.74 percent at the end of 2016, CBRC data showed.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 17 2018 23:36:18

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 17 2018 23:36:18

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 17 2018 23:36:18

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords