Chinese commercial banks’ non-performing loan ratio at 1.56% at end-June

2024.08.09 07:17

BEIJING (Reuters) – The non-performing loan ratio of commercial banks in China was 1.56% at the end of June, down 0.03 percentage points from the end of the previous quarter, the National Financial Regulatory Administration said on Friday.

Net profits at commercial banks grew 0.4% year on year to 1.3 trillion yuan ($181.3 billion) in the first quarter of this year and their capital adequacy ratio at the end of June was 15.53%, the regulator added.

($1 = 7.1699 renminbi)

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