Bad Loan Problem Spreading across Country, Banker Says
(Wenzhou) – The resurgence of bad loans is not only a regional issue but a national problem, an executive at a joint-stock bank says.
The ratio of all but two commercial banks' non-performing loans (NPLs) to small and medium-sized enterprises hit 2 percent, he said. The exceptions were China Minsheng Bank and Shenzhen Development Bank.
Ratings agency Standard & Poor's estimates that the figure will increase by two to three percentage points this year as the economic slowdown weighs on corporate balance sheets.
- Problems Listed in Audit Reports Were Seen Before
- Progress on SOEs Means Answering Political Questions
- In Wednesday's Papers: NDRC Approving Fewer Projects, Interbank Interest Rates Rise on Tight Liquidity
- Honeymoon's Over for Sweethearts of SOE Reform
- The Real Way to Cut Gov't Influence over Economy
- The European Experiment, Three Years On
- Risks in Financing Platforms Pose a Challenge, CBRC Says
- Lean In
- China's Open Source Hardware Movement
- Goldman Sachs Sells Last ICBC Shares
- Sign up to receive our free daily newsletter
- Too Big To Fail Is Bigger than Ever
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Marriage, Sex and Character
- Playing the Long Game
- Investment Company Asks: Can We Legally Short Sell?
- The Real Reason the Stock Market Is Slumping
- Teams to Draft Reform Topics for Party Congress Set up
- Is China Welcome in the Arctic?
- Errors of Aggression Catch up with Underwriter
- Graphics: Defining the Chinese Dream