The amount of non-performing loans at China's commercial banks rose to 2.16 trillion yuan at the end of March, the highest since the end of 2003, official data showed on Friday.THE amount of non-performing loans at China's commercial banks rose to 2.16 trillion yuan at the end of March, the highest since the end of 2003, official data showed on Friday, as Beijing steps up efforts to curb financial risks.
The dip in the NPL ratio likely stemmed from record bank lending in the quarter. Many analysts believe that the NPL ratio of Chinese banks is significantly higher than reported.The bad-loan data comes at a time Chinese authorities have been pushing banks to sharply hike their lending to small and mid-sized businesses, to help combat a slowdown in economic growth.
The draft rules also require banks to classify loans that are more than 90 days overdue as NPLs, even if those loans are backed by collateral. He said the regulator would encourage banks capable of doing so to classify loans more than 60 days overdue as NPLs, but that was not compulsory.
Source: News Formal (newsformal.com)
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