Date
19 October 2017

Commercial banks’ 3Q NPL ratio rises to 0.97%, CBRC says

Chinese commercial banks saw their non-performing loan ratio increase to 0.97 percent in the third quarter, the highest in more than two years, the China Banking Regulatory Commission said on its website Wednesday. The figure is up 0.01 percentage point from 0.96 percent in the second quarter. Commercial banks increased their net profit by 368.5 billion yuan (US$60.48 billion) in the third quarter, bringing the total net profit to 1.12 trillion yuan for the first nine months, close to the figure for the whole of last year.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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