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Chinese commercial lenders’ bad loan ratio slightly up in Q3

Updated: Nov 20,2018 7:05 AM     Xinhua

BEIJING — China’s commercial banks saw a higher non-performing loan ratio at the end of Q3, data from the China Banking and Insurance Regulatory Commission showed on Nov 19.

The non-performing loan ratio of commercial banks stood at 1.87 percent, 0.01 percentage points higher than the end of Q2.

Outstanding bad loans from commercial banks amounted to 2.03 trillion yuan ($292.4 billion) by the end of Q3, 75.1 billion yuan more than that of Q2.

By the end of Q3, Chinese commercial banks held 264 trillion yuan in assets, up 7 percent year-on-year, the regulator said.

Meanwhile, commercial lenders’ liabilities rose 6.6 percent year-on-year to reach 243 trillion yuan as of the end of Q3.

China continued to take a tough line on market violations in Q3 to maintain stable market order and prevent risks.