16 July 2019

Wenzhou banks’ NPL ratio hit 28-month high, paper says

Wenzhou’s banking sector saw its non-performing loan (NPL) ratio rise to 4.31 percent in October, a 28-month high, Securities Daily reported Tuesday, citing data from the municipal banking regulator. Bad loans were 31.13 billion yuan (US$5.11 billion). The October NPL ratio is 0.04 percentage point higher than a month ago and 0.57 percentage point more than the figure at the beginning of the year. China Merchants Bank Co. Ltd. (03968.HK, 600036.CN) had an NPL ratio of 10.33 percent while China Construction Bank (00939.HK, 601939.CN) had 10.01 percent, the report said.

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