News Column

Minsheng Banking H1 NPL Outstanding, Ratio Up

August 29, 2014



BEIJING, August 29, SinoCast -- Minsheng Banking on August 28 announced non-performing loan (NPL) outstanding hit CNY 15.818 billion, growing CNY 2.424 billion over the beginning of this year.

NPL ratio was 0.93%, up 0.08 percentage points over the end of the previous year; provision coverage rate and loan provision ratio was 215.87% and 2.01%.

As of the end of June, capital adequacy ratio (CAR) was 11.05%, tier 1 CAR was 8.77% and core tier 1 CAR was 8.76%, growing 0.36, 0.05 and 0.04 percentage points over the beginning of this year.

Total assets reached CNY 3.571451 trillion, growing CNY 345.241 billion or 10.70% over the end of the previous year; loans and advances reached CNY 1.696283 trillion, growing CNY 122.02 billion or 7.75% over the end of the previous year; deposits reached CNY 2.420577 trillion, adding CNY 273.888 billion or 12.76% over the end of the previous year.


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Source: Sinocast Banking & Credit Beat (China)


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