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Profit of small, mid-sized commercial banks up 53% in 2008

(Xinhua)
Updated: 2009-03-17 21:10

BEIJING - Small and medium-sized commercial banks' profit totaled 125.2 billion yuan (US$18.3 billion) in 2008, up 53 percent year-on-year, the China Banking Regulatory Commission said on its website Tuesday.

These banks' non-performing loan ratio decreased to 1.7 percent from 2.45 percent.

Small and medium-sized commercial banks include city commercial banks, rural commercial banks and rural cooperative banks. They provide most of the loans to small and private-owned enterprises.