SHANGHAI (Reuters) – China’s commercial banks saw their bad loan ratio decline 0.02 basis points to 1.73% at end-December versus three months earlier, the sector’s regulator said on Friday.
Outstanding non-performing loans in the commercial banking sector stood at 2.8 trillion yuan ($440.66 billion), an increase of 13.5 billion yuan from the end of the third quarter, according to a statement on the website of the China Banking and Insurance Regulatory Commission (CBIRC).
($1 = 6.3541 Chinese yuan renminbi)
(Reporting by Beijing and Shanghai Newsroom; editing by Philippa Fletcher)
