Home / Business

CCB to sell bad loans to asset firms

By Yang Ziman | China Daily | Updated: 2013-08-27 06:50

China Construction Bank Corp will face continuous pressure on asset quality in the second half of the year and may sell some bad assets, a senior executive said on Monday at a news conference.

China's second-largest commercial bank doesn't rule out the possibility of selling some of its soured loans to asset management companies as a potential option to cope with deteriorating asset quality, said Pang Xiusheng, CCB's vice-president.

The bank held 80.3 billion yuan ($13.02 billion) of non-performing loans by the end of June, an increase of 5.7 billion yuan from the end of last year, in contrast with the more than the 3.7 billion increase in bad loans throughout 2012, according to its interim results released on Sunday.

CCB to sell bad loans to asset firms

Today's Top News

Editor's picks

Most Viewed

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