BEIJING (Reuters) – Net profits of China’s commercial banks grew 2.6% year-on-year in the first half of this year, the National Financial Regulatory Administration said in a statement on its website on Friday.
The growth rate was 4.5 percentage points lower than the same period last year, the regulator said.
Commercial banks’ non-performing loan ratio was 1.62% at the end of the second quarter this year, the regulator said.
(Reporting by Ziyi Tang and Ryan Woo; Editing by Himani Sarkar)
