Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    Agricultural Bank of China reports asset improvement

    By JIANG XUEQING | chinadaily.com.cn | Updated: 2020-03-31 23:32
    Share
    Share - WeChat
    [Photo/Agencies]

    Agricultural Bank of China Ltd (ABC) reported significant improvement in asset quality, as the large State-owned commercial lender recorded a year-on-year decline of nonperforming loan ratio by 19 basis points to 1.4 percent at the end of 2019.

    Over the same period, the balance of nonperforming loans (NPLs) dropped by 2.79 billion yuan ($393 million) to 187.21 billion yuan. The allowance to NPLs was 288.75 percent, representing an increase of 36.57 percentage points, according to the bank's 2019 annual results announcement.

    Ever since the novel coronavirus pneumonia broke out in China, ABC has paid high attention to the impact of the epidemic on its asset quality, said Zhang Qingsong, president of the bank.

    "We conducted quantitative scenario-based analysis and pressure tests on each loan that may be affected by the epidemic and carried out risk analysis and monitoring on the industries, regions and clients that were hard-hit by the disease. At the same time, we took targeted measures to prevent and defuse risks," Zhang said at a news conference on Tuesday.

    "Based on our analysis, the impact of the epidemic on the asset quality of ABC is temporary and controllable. The senior management team is fully confident about maintaining stable asset quality," he said.

    By the end of February, the bank's loans in renminbi and foreign currencies increased by 526.2 billion yuan from the beginning of this year. Among the total, loans to infrastructure construction projects, including transport and water conservancy, increased by 55.7 billion yuan in the first two months. During the same period, loans to manufacturing, wholesale and retail, and information technology sectors combined increased by 49.6 billion yuan.

    With the epidemic being effectively contained domestically, the bank will focus on loans to spring plowing and the resumption of work and production. It will further increase the issuance of loans to key fields including transport, energy and healthcare and keep improving inclusive financial services, said Zhang Xuguang, executive vice-president of ABC.

    Last year, the bank achieved breakthrough growth in its inclusive finance business, with an increase in inclusive loans to small and micro enterprises by 58.2 percent from the beginning of the year, while the comprehensive financing cost for such enterprises fell 1.2 percentage points.

    The bank also recorded a 5.08 percent increase in net profit to 212.92 billion yuan in 2019.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    中文字幕视频一区| 亚洲av日韩av无码黑人| 久久久久久久人妻无码中文字幕爆| 亚洲精品无码99在线观看| 亚洲色无码专区在线观看| 色噜噜综合亚洲av中文无码| 999久久久无码国产精品| 亚洲爆乳无码一区二区三区| 中文字幕av在线| 一本大道久久东京热无码AV| 精品久久久久久无码专区不卡| 中文字幕一区二区精品区| 中文 在线 日韩 亚洲 欧美| 久久久久久久人妻无码中文字幕爆 | 国产AⅤ无码专区亚洲AV | 日韩精品一区二区三区中文字幕 | 无码人妻精品一区二区蜜桃百度| 亚洲国产精品无码专区影院 | 亚洲国产精品无码av| 最新版天堂中文在线| 中文亚洲欧美日韩无线码| 无码人妻一区二区三区在线水卜樱| 精品无码国产一区二区三区51安| 亚洲Av无码精品色午夜| 国产成人无码区免费内射一片色欲 | 日韩精品无码免费专区网站| 中文字幕日本高清| 久久综合中文字幕| 久久中文字幕一区二区| 狠狠躁夜夜躁无码中文字幕| 天堂а√中文最新版地址在线| 色吊丝中文字幕| 中文午夜乱理片无码| 久久久久亚洲?V成人无码| 久久精品无码一区二区三区免费| 国产av无码专区亚洲av桃花庵| 国精品无码一区二区三区左线| 人妻丰满熟妇AV无码区乱| 国产成人无码一区二区在线播放| 麻豆aⅴ精品无码一区二区| 国产精品无码A∨精品影院|