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'Big Four' banks see increase in NPLs

Updated: 2013-10-31 07:14
By Yang Ziman ( China Daily)

China's "Big Four" State banks reported results for the first three quarters on Wednesday, with all showing a rise in soured assets.

Industrial and Commercial Bank of China Ltd had 87.36 billion yuan ($14.34 billion) in bad loans as of Sept 30, up 12.61 billion yuan from a year earlier.

Agricultural Bank of China Ltd's nonperforming loans stood at 87.9 billion yuan, up 3.97 billion yuan.

'Big Four' banks see increase in NPLs