News Column

Fujian Banks' Outstanding NPL Up above 90%

July 17, 2014

FUJIAN, July 17, SinoCast -- Outstanding non-performing loans (NPL) of banks in Fujian Province grew greatly by above 90% in 2013 and the local government platform financing risk also increased, according to the provincial banking regulator.

As of the end of 2013, Fujian Province's banking institutions' NPL totaled CNY 33.156 billion, growing CNY 15.943 billion or 92.62% over the beginning of this year; NPL ratio was 1.28%, adding 0.51 percentage points.

Total line of credit granted by Fujian's commercial banks to steel traders hit CNY 13.7 billion and the line of credit to steel traders outside the province dropped CNY 6.9 billion. In 2013, Fujian's commercial banks totally cleared and disposed of non-performing loans of steel traders of CNY 2 billion.

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Source: Sinocast Banking & Credit Beat (China)

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