Banks' NPL ratio stays stable at 1.74 percent

China's credit asset quality remains generally stable, with the nonperforming loan ratio of commercial banks unchanged, quarter-on-quarter, at 1.74 percent as of June 30, said the country's top banking regulator.

During the same period, commercial banks in China posted a slight increase of 3.56 percent in the balance of nonperforming loans to 1.64 trillion yuan ($246 billion).

The allowance for loan impairment losses grew by 2.65 percent to 2.9 trillion yuan, enhancing commercial banks' ability to fight potential risks, according to statistics released on Monday by the China Banking Regulatory Commission.