USEUROPEAFRICAASIA 中文双语Français
Home / Business

Bank of China deals with nonperforming loans

By Jiang Xueqing | China Daily | Updated: 2016-10-28 08:20

Growing trend of NPLs attributed to economic downturn and transformation of industries

Bank of China Ltd, the nation's fourth largest commercial lender by assets, said it had stepped up resolution of nonperforming loans because it saw continued growth in NPLs during the first three quarters of 2016.

The bank and its subsidiaries, reported nonperforming loans totaling 146.03 billion yuan ($21.55 billion) at the end of September, rising 13 percent from the previous year. Its NPL ratio also went up 5 basis points to 1.48 percent, the group announced on Wednesday evening.

Bank of China deals with nonperforming loans

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
FOLLOW US