+
According
to statistics from the China Banking Regulatory Commission (CBRC), in Q4 2011,
the outstanding non-performing loans of commercial banks were CNY 427.9
billion, CNY 20.1 billion more than the previous quarter. Meanwhile, the
non-performing loan ratio also climbed 0.1 percentage point to 1%.
+
To
cope with such risk, Chinese commercial banks have set aside loan loss reserve
fund of CNY 1.18 trillion, CNY 86 billion more than the previous quarter; in addition,
the provision coverage ratio was raised from 270.7% in Q3 2011 to 278.1% in Q4
2011.
+
The
commercial banks recorded a net profit of CNY 1.04 trillion, a 36.3% increase
from CNY 763.7 billion year-on-year; of which, non-interest income accounted
for 19.3% of the total, the lowest of the year.
Market share of state-owned commercial banks continues to drop while joint-stock banks and city commercial banks move in the opposite direction
Other News Headlines:
n PBOC Announces the First Reserve Ratio Cut of This Year
n New Home Prices Stopped Rising in Jan.
n China’s Social Financing in Jan. Dropped 45.6% YoY
n Commercial Banks: Non-performing Loans at CNY 427.9 Billion, while Profit Stood at Over CNY 1 Trillion
n Sino-U.S. USD 4.3 Billion Soy Bean Orders Signed
n Vipshop.com: Launches IPO Application to Cover Loss at the Right Moment
If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial heren PBOC Announces the First Reserve Ratio Cut of This Year
n New Home Prices Stopped Rising in Jan.
n China’s Social Financing in Jan. Dropped 45.6% YoY
n Commercial Banks: Non-performing Loans at CNY 427.9 Billion, while Profit Stood at Over CNY 1 Trillion
n Sino-U.S. USD 4.3 Billion Soy Bean Orders Signed
n Vipshop.com: Launches IPO Application to Cover Loss at the Right Moment
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