Caixin OnlineFinance & EconomicsTop Stories Finance Bad Loan Problem Spreading across Country, Banker Says
06.27.2012 15:20

Bad Loan Problem Spreading across Country, Banker Says

Guangdong and Inner Mongolia can be added to the list of places witnessing a surge in NPLs
By staff reporters Wen Xiu, Tian Lin and Zhao Jingting

(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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter