Banks’ profits gain faster
Print Edition
CHINA’S commercial banks saw faster growth in profits for the first quarter of the year, with a stable bad loan ratio, data showed.
The banks made combined net profits of 522.2 billion yuan (US$82.2 billion) in the first three months, up 5.86 percent year on year, data from the China Banking and Insurance Regulatory Commission showed.
The growth was 1.25 percentage points faster than the same period last year.
By the end of March, the non-performing loan ratio of commercial banks stood at 1.75 percent, almost flat from the end of 2017.
Outstanding bad loans from commercial banks totaled 1.77 trillion yuan by the end of first quarter, up 68.5 billion yuan from the end of 2017.
The CBIRC recently rolled out a set of measures to rein in risk in the banking sector.
In a rule released earlier this month, the CBIRC limited commercial bank’s risk exposure.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
