Nov 29 - CBRC Official: Overall NPL Rate in Chinese Banks is Less Than 2%

Source: Beijing Times

+   Yan Qingmin, assistant Chairman at the China Banking Regulatory Commission (CRBC), said that the overall non-performing loan rate in Chinese banks is less than 2%, meeting the standard of international banks.

+   According to a recent assessment by the IMF, China’s financial system is stable. Were, however, credit, real estate, exchange rates, and debt problems to occur at the same time, the health of the large domestic banks would be at risk.

+   Related Companies: Industrial and Commercial Bank of China (SSE: 601398), Agricultural Bank of China (SSE: 601288), Bank of China (SSE: 601988), China Construction Bank (SSE: 601939), Bank of Communications (SSE: 601328)

+   Related Data: NPL, Loans

Impairment-to-New Loans ratio keeps rising despite consecutive drops in NPL.

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