| NPL ratio of major commercial banks at 7.02 % in Q1 |
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| Thursday,May 17,2007 Posted: 16:42 BJT(0842 GMT) mofcom |
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 (151 billion 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 midsize 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 midsize 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 couldn’t be compared with data from a year back because the statistical methods used are not the same.
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