China Big 5 Banks Step up Bad Loan Disposals as Risks Rise

BEIJING—China’s five biggest state-owned banks stepped up their efforts to write off bad loans last year, highlighting mounting debt risks as the economy cools.yuan

The banks— Industrial & Commercial Bank of China, 601398.SH -0.29% China Construction Bank, 601939.SH +0.25% Agricultural Bank of China, 601988.SH +0.39% Bank of China and Bank of Communications 601328.SH -1.05% —wrote off and transferred off their books a total of 63.92 billion yuan ($10.5 billion) nonperforming loans in 2013, according to calculations by The Wall Street Journal. The amount is 2.5 times the 25.29 billion yuan in problem loans they erased from their books in 2012…more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s