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.
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