China's commercial banks' bad loan ratio declines, says regulator

Yuan banknotes are seen in this illustrative photograph taken in Beijing
Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. REUTERS/Jason Lee

SHANGHAI, Feb 11 (Reuters) - China's commercial banks saw their bad loan ratio decline 0.02 basis points to 1.73% at end-December versus three months earlier, the sector's regulator said on Friday.

Outstanding non-performing loans in the commercial banking sector stood at 2.8 trillion yuan ($440.66 billion), an increase of 13.5 billion yuan from the end of the third quarter, according to a statement on the website of the China Banking and Insurance Regulatory Commission (CBIRC).

($1 = 6.3541 Chinese yuan renminbi)

Reporting by Beijing and Shanghai Newsroom; editing by Philippa Fletcher

Our Standards: The Thomson Reuters Trust Principles.

Read Next