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BIZCHINA> Top Biz News
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Regulator: Banks see fall in non-performing loans in H1
(Xinhua)
Updated: 2009-07-18 10:43 Commercial banks operating in China see declines in both bad loans and their ratio to total outstanding loans in the first half, said China's banking regulator Friday.
Outstanding bad loans of state-owned banks in China totaled 376.35 billion yuan at the end of June, down 44.48 billion yuan from the beginning of this year. Their NPL ratio fell 0.81 percentage points to 1.99 percent. New bank loans in the first half hit 7.37 trillion yuan, 4.92 trillion yuan more than the first half last year, according to the People's Bank of China, the central bank. (For more biz stories, please visit Industries)
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