News Column

CMB June-end NPL Ratio to 0.98%

September 1, 2014



BEIJING, September 1, SinoCast -- China Merchants Bank (CMB) announced non-performing loan (NPL) outstanding amounted to CNY 23.697 billion by June 30, growing CNY 5.365 billion over the beginning of this year.

NPL ratio was 0.98%, up 0.15 percentage points over the beginning of this year; NPL provision coverage ratio was 251.29%, down 14.71 percentage points over the beginning of this year; loan impairment reserve balance hit CNY 59.548 billion, growing CNY 10.784 billion over the end of the previous year.

In the first half of this year, 73.38% of newly-added NPL was mainly from the Pearl River Delta and the Haixi region, central China and the Yangtze River Delta. 55.47% of newly-added NPL was mainly from two sectors, transportation, storage and postal industry and mining.

As of June 30, capital adequacy ratio was 10.89%, down 0.25 percentage points from the beginning of the year; tier 1 CAR and core tier 1 CAR reached 8.73% both, down 0.54 percentage points from the beginning of the year.


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Source: Sinocast Banking & Credit Beat (China)


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