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Loans of Chinese banks up 12.6pc in 2018

Published : Monday, 14 January, 2019 at 12:00 AM  Count : 39

BEIJING, Jan 13: China's banking institutions saw an increase in total assets in 2018, with a rapid increase in loans, the country's top banking regulator said.
By the end of last year, onshore assets of the industry totaled 261.4 trillion yuan (38.49 trillion US dollars), up 6.4 per cent year on year, Liu Zhiqing, an official with the China Banking and Insurance Regulatory Commission, said at a recent meeting.
Loans on the balance sheets of the banks climbed 12.6 per cent year on year to 140.6 trillion yuan, Liu said.
Credit quality was generally stable, with the non-performing loan ratio of commercial banks standing at 1.89 per cent. The ratio of "special mention" loans, or those that are currently performing but could potentially turn sour, declined 1 per centage point from a peak in 2016 to 3.16 per cent, he said.    -Xinhua





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