2023-11-16 03:08:00
BEIJING, Nov. 16, 2023 (Xinhua) – Official data issued by the National Financial Regulatory Authority showed that the percentage of non-performing loans in commercial banks in China witnessed a decrease of 0.01 percentage point to reach 1.61 percent at the end of the third quarter compared to the previous quarter.
The data indicated that the balance of non-performing loans of commercial banks amounted to 3.2 trillion yuan (445.68 billion US dollars) at the end of last September, an increase of 24.4 billion yuan from the number recorded at the end of last June.
The authority said that the balance of commercial banks’ operating loans reached 197.1 trillion yuan at the end of September, and the quality of commercial banks’ credit assets remained stable.
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