Banking regulator says bad loan risk under control

0 Comment(s)Print E-mail CRI, November 6, 2015
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China Banking Regulatory Commission [File photo]

China Banking Regulatory Commission on Thursday says that the trend of rising bad loans, or non-performing loans, is within expectations, and overall risk is under control.

Official data showed non-performing loan ratio at China's commercial banks rose to some 1.6 percent at the end of September, while loan-loss provision coverage ratio, the ratio of provisions held to gross non-performing loans, stood at some 168 percent.

Currently, the regulator is continuously monitoring banking system's bad loans on a ten day basis.

The regulator also said that it would guide banks to step up efforts to write off bad loans and keep them alert for new ones.

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