April: Banking Assets CNY 118.28 Trillion, Up 18.4% YoY

Source: China Banking Regulatory Commission, ChinaScope Financial (Data)

+       Data from the China Banking Regulatory Commission (CBRC) shows that total assets of China’s banking institutions were CNY 118.28 trillion at the end of April 2012, up 18.4% year-on-year, but down CNY 342.1 billion on March.

+       At the end of April, total assets of China’s five major commercial banks (BOC, ABC, ICBC, CCB and BOCOM) were CNY 54.59 trillion, up 14% year-on-year, accounting for 46.2% of industry total. Total liabilities of the five banks were CNY 50.97 trillion, up 13.8% year-on-year, accounting for 46.1% of industry total.

Assets and liabilities of state-owned banks decreased after the quarter-end supervision by CBRC, dragging down the banking sectors’ total assets and liabilities.

More SME support has resulted in a growing share of joint stock and city commercial banks in the banking sector.

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