Caixin OnlineFinance & EconomicsTop Stories Finance Concern Banks May Be Underreporting NPLs
11.12.2012 17:39

Concern Banks May Be Underreporting NPLs

Lenders could be giving some toxic debts generous classifications to avoid increase in bad loan figures
By staff reporters Wen Xiu and Huo Kan

(Beijing) – Recent figures show that the amount of toxic assets at commercial banks remained relatively low, but regulators are concerned that the real conditions of the credit business might be worse than the data suggests.

By the end of September, the amount of outstanding non-performing loans (NPLs) at all commercial banks in the country increased by 63 billion yuan from nine months ago, reaching 0.97 percent of all outstanding loans, up from the 0.9 percent at the end of June, the China Banking Regulatory Commission (CBRC) said.

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