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Business

Banks' bad loans decline in Q1

1
2017-05-11 09:46:11Global Times Li Yan ECNS App Download

The ratio of nonperforming loans at China's commercial banks stood at 1.74 percent in the first quarter of 2017, down 0.01 percentage point year-on-year, the bank regulator said on Wednesday.

The banks' total outstanding loans stood at 89.3 trillion yuan ($14 trillion) as of the end of the first quarter, according to a post on the website of the China Banking Regulatory Commission on Wednesday.

The total net profit of commercial banks reached 493.3 billion yuan, up 4.61 percent year-on-year, the post showed.

  

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