News Column

Guangdong NPL Ratio Rallies

July 29, 2014

GUANGZHOU, July 29, SinoCast -- Guangzhou branch of the People's Bank of China (PBOC) revealed loan balance of CNY 8.14 trillion in Guangdong by the end of June, rising 12.4% from a year earlier. Deposit balance had been CNY 12.82 trillion, hiking 13.2%.

After declining for years, NPL ratio for the local banking industry has begun to rally, to 1.36% by the end of the second quarter of 2014, higher than 1.34% by the end of 2012.

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Source: Sinocast Banking & Credit Beat (China)

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