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Chinese banks report lower bad loan ratio

(Xinhua)
Updated: 2009-12-31 15:14

Chinese commercial banks saw their bad loan ratio decline to 1.6 percent by the end of November, China Banking Association said Wednesday in a statement on its Website.

Related readings:  Rapid lending helps ABC profits climb  Banks hit by bad loan provisions  BoC issues more loans but bad loan ratio remains unchanged  Beijing's bad loans on the rise

The figure was down 0.8 percentage points from the beginning of this year, according to the statement.

Capital adequacy ratio of these banks stood at above 10 percent by the end of November and provision coverage ratio was 151 percent, the statement said.

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