Chinese Banks’ Financial Status

BEIJING (Reuters) – The non-performing loan (NPL) ratio of commercial banks in China stood at 1.56% at the end of June, down by 0.03 percentage points from the end of the previous quarter, according to the National Financial Regulatory Administration.

Net profits for commercial banks increased by 0.4% year-on-year, reaching 1.3 trillion yuan (approximately $181.3 billion) in the first quarter of this year. Additionally, the capital adequacy ratio was 15.53% at the end of June, as reported by the regulator.

Note: ($1 = 7.1699 Chinese yuan renminbi)