May 11, 2018 / 7:50 AM / 9 days ago

China commercial banks' NPL ratio edges up to 1.75 pct at end-Q1 - regulator

BEIJING, May 11 (Reuters) - Chinese commercial banks’ non-performing loan (NPL) ratio was 1.75 percent at the end of first quarter of 2018, up from 1.74 percent at end-2017, the banking and insurance regulator said on Friday.

Total non-performing loans hit 1.77 trillion yuan ($278.94 billion) at end-March, while core tier 1 capital adequacy ratio was 10.72 percent, the regulator said.

$1 = 6.3455 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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