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| China's NPL rate falls over first half of 2003 |
| CCTV.COM 2003-07-20 13:07:00 |
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The ratio of non－performing loans at China's four state－owned banks fell in the first half of 2003.
China's Big Four State－owned banks have all reported that they have lowered their NPL ratios. The Industrial and Commercial Bank of China saw a 3.5 percent drop, while the Bank of China recorded a 3.33 percent fall. The China Construction Bank pushed their NPL ratio down 2.99 percent while the Agricultural Bank of China achieved the best results, registering a 3.53 percent decline.
Industry watchdog, the China Banking Regulatory Commission, said earlier in June that the Big Four should lower their NPL rate by another 3 to 4 percentage points over this year, something that three of the four achieved. The government aims to cut the quartet's average bad loan ratio to 15 percent by 2005. Authorities want to speed up the process of NPL disposal to reduce their financial burdens and facilitate further banking restructuring.
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Editor: Xiao Wei CCTV.com
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