China’s four largest state banks reported an increased proportion of bad loans in the first half.
For example, non-performing loans rose to a share of 1.55 percent in late June for the Industrial and Commercial Bank of China, the world’s largest lenders. That compares with 1.5 percent at the end of last year, writes AFP.
While the other three major banks have reported similar increases in recent days. Bank of China showed an increase from 1.43 to 1.47 percent. Last week, reported the China Construction Bank, the country’s second largest lender, an increase of 0.05 percentage points to 1.63 percent.
For the Agricultural Bank of China the figure is 2.40 percent. Earlier in the summer, said China’s regulator of the banking sector to the country’s banks have written down more than $ 300 billion in bad loans over the past three years.