ABC plans sale of bad assets
By Wu Yiyao in Shanghai | China Daily | Updated: 2013-10-25 07:27
Nonperforming loan ratio rises among top 10 listed lenders
The nation's third-largest lender, Agricultural Bank of China Ltd, will sell nonperforming assets valued at 10 billion yuan ($1.6 billion), the bank said on a briefing on Thursday.
ABC is to sell 19 properties used as collateral, along with seven loans, on the Beijing Financial Assets Exchange, the lender said.
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