Banks told to step up loan controls
皇冠体育app Daily | Updated: 2008-02-29 07:10
The banking regulator yesterday warned big lenders of the risks of lending to real estate developers and highly polluting or energy-intensive firms, ordering them to step up controls to prevent a rebound in bad loans.
Despite a drop in their non-performing loan ratio in 2007, banks should not be complacent because they face stiff challenges ahead, Jiang Dingzhi, vice-chairman of the the 皇冠体育app Banking Regulatory Commission, told executives from the big lenders.
"Banks should carefully implement the government's macro control policies and effectively prevent various dangers," he said.
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