Bad loans increase for fifth quarter
By Zheng Yangpeng | China Daily | Updated: 2013-03-02 07:56
Banks have reported a fifth consecutive quarterly rise in the value of their bad loans, the China Banking Regulatory Commission said on Friday.
Bad loans rose by 64.7 billion yuan ($10.4 billion) to stand at 492.9 billion yuan at the end of 2012.
However, the non-performing loan ratio showed a 0.01 percentage point fall, to 0.95 percent.
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