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Home >> Business
UPDATED: 08:38, May 17, 2005
Bad loans of commercial banks drop in first quarter
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The China Banking Regulatory Commission published on Monday the bad loans of all China's commercial banks, which include for the first time the urban and rural commercial banks, as well as the foreign commercial banks.

According to the statistics published by the commission, the bad loans of the commercial banks amounted to 1.827 trillion yuan by the end of March of this year, a decrease of 3.56 billion yuan compared with that in early this year.

The ratio of bad loans dropped to 12.4 percent, down 0.5 percentage points.

The commission said the bad loans of the State-owned commercial banks reached 1.567 trillion yuan during the period, a drop of 5.41 billion yuan, and the ratio of bad loans stood at 12.7 percent,a decline of 0.5 percentage points.

The bad loans of the share-holding commercial banks increased 2.63 billion yuan to reach 145.79 billion yuan, and the ratio of bad loans dropped to 4.9 percent, down 0.1 percentage points compared with that early this year.

The urban and rural commercial banks reported bad loans at 107.38 billion yuan and 3.62 billion yuan respectively, and the ratio of their bad loans at 11.5 percent and 6.1 percent.

The bad loans of the foreign commercial banks climbed 540 million yuan to reach 3.6 billion yuan by the end of March, and the ratio of bad loans stood at 1.2 percent, an increase of 1 percentage point compared with that in early this year, said the commission.

Source: Xinhua


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