BEIJING: Chinese commercial banks saw a 1.59 percent rise in the overall bad loan ratio at the end of the third quarter, compared with a 1.5 percent gain in June, the China Banking Regulatory Commission said yesterday.
The 16 listed lenders accumulated 908 billion yuan in non-performing loans by September, according to their earnings reports filed to the stock exchanges.
The NPL amount surged 33 percent from the end of 2014.
Liao Yuanyuan, deputy director of the policy studies bureau at CBRC, said at a media briefing yesterday that the overall risk of the banking industry is still under control.
The total assets of the Chinese banking sector were 192.7 trillion yuan (US$30.4 trillion) by September, doubling its size in five years, according to CBRC.
The profit growth of the Big Four banks all fell to below 1 percent in the first three quarters of this year amid an economic downturn and interest rate liberalization.
