Ping An vows to step up its efforts to control NPAs

Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this year, by enhancing loan-providing thresholds and imposing limit management measures on highly risky industries.

Some loan-providing standards are still "imperfect", which make it easier to issue bad loans, said Guo Shibang, assistant president-designate of the Shenzhen-based commercial bank.

"We will make efforts to improve the quality of our bank assets by enhancing the loan-providing threshold in order to control risks for our new business."