Construction Bank Disposes of 31.5 Billion Yuan of NPLs

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Last updated at: (Beijing Time) Friday, July 18, 2003

Construction Bank Disposes of 31.5 Billion Yuan of NPLs

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The China Construction Bank (CCB) announced Friday that in the first half of this year it disposed of 31.5 billion yuan (3.8 billion US dollars) worth of non-performing loans (NPLs), of which 20 billion yuan was recovered, including 17.8 billion yuan in cash.

According to the five-category clarification standard, the bank's NPL rate was lowered to 12.43 percent, down 3.47 percentage points from the beginning of the year.

A spokesman for the CCB said that in the second half of this year, the bank would pay special attention to handling non-credit assets and make sure the target of lowering the NPL rate by four percentage points within the year could be achieved.

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