Date
27 April 2018

Bad loans surge at top Chinese banks, Bloomberg says

China’s top four banks posted their biggest increase in bad loans in three years in the quarter ended September, as corporate profitability weakened following an economic slowdown, Bloomberg News reported Thursday. Non-performing loans at Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. rose 3.5 percent in the third quarter from the preceding three months to stand at a combined 329.4 billion yuan (US$54 billion), it said. 

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