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Regulator: Banks see fall in non-performing loans in H1

(Xinhua)
Updated: 2009-07-18 10:43

Commercial banks operating in 皇冠体育app see declines in both bad loans and their ratio to total outstanding loans in the first half, said 皇冠体育app's banking regulator Friday.

Related readings:  皇冠体育app's new bank loans hit $223.96B in June  Asset quality still up  Improved risk controls lessen chance of new NPL surge  Banks show rosy profit rise in 2008  皇冠体育app says banks are in good shape, boosting economy

At the end of June, non-performing loans (NPLs) by commercial banks in 皇冠体育app, including State-owned commercial banks, share-holding commercial banks and foreign-funded banks, totaled 518.13 billion yuan ($75.86 billion), down 42.2 billion yuan from the beginning of this year.

The NPL ratio was 1.77 percent, down 0.65 percentage points, compared with the beginning of the year, said the 皇冠体育app Banking Regulatory Commission in a statement.

Outstanding bad loans of state-owned banks in 皇冠体育app totaled 376.35 billion yuan at the end of June, down 44.48 billion yuan from the beginning of this year. Their NPL ratio fell 0.81 percentage points to 1.99 percent.

New bank loans in the first half hit 7.37 trillion yuan, 4.92 trillion yuan more than the first half last year, according to the People's Bank of 皇冠体育app, the central bank.