1. Friday May 25, 2018
      Home > BUSINESS
      Text:| Print|

      Banks' profits show fastest growth in 4 years

      2012-04-25 11:19 China Daily     Web Editor: Zhang Chan comment

      Lenders' net income in China rose 39 percent last year to 1.25 trillion yuan ($178.4 billion), the fastest growth in at least four years, the country's banking regulator said on Tuesday.

      The China Banking Regulatory Commission said the increase was driven by a rise in credit-based interest-generating assets, improved operating efficiency and good controls on credit risks.

      "Basically stable interest rates" also contributed to profit growth, it said.

      Interest income accounted for 66.2 percent of the total income of these institutions, which include policy banks, commercial banks, foreign lenders and rural credit cooperatives.

      Investment earnings provided 18.5 percent, while revenue from fees and commissions contributed 14 percent.

      Banks extended 7.47 trillion yuan in new loans last year, down 6 percent year-on-year. But tight monetary policy that aimed to soak up liquidity and curb inflation drove up lending rates, while banks' deposit rates were not allowed to be higher than the benchmark rates.

      The CBRC said it will maintain an "appropriate" pace of credit growth in 2012, while guiding banks to lend more to small enterprises, agriculture-related sectors and key infrastructure projects.

      But it said that banks must do more this year to avert the risks of loans to local government financing vehicles and the real estate sector.

      The agency said there will be "difficulty" in holding the line against risks, since "China's banking reform and development have entered a key period".

      Outstanding non-performing loans reached 1.05 trillion yuan at the end of 2011, with an NPL ratio of 1.77 percent.

      The outstanding NPLs of commercial banks stood at 427.9 billion yuan, with an NPL ratio of 0.96 percent, down 0.17 percentage point from a year earlier but up 0.01 point from the third quarter of 2011.

      The provision coverage ratio for gross non-performing assets was 278.1 percent, up 60.4 percentage points year-on-year. The average capital adequacy ratio was 12.71 percent for commercial lenders.

      The risks of lending to Chinese property developers are rising as many have high leverage ratios and face a liquidity squeeze amid falling home prices, Bloomberg News quoted Liu Mingkang, former chairman of the CBRC, as having said last week.

      At the end of 2011, lenders' total assets reached 113.3 trillion yuan, up 18.9 percent year-on-year, the CBRC said.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 精品亚洲一区二区三区在线观看| 免费无码黄动漫在线观看| 亚洲国产人成中文幕一级二级| 亚洲AV成人片无码网站| 67194成是人免费无码| 日韩亚洲不卡在线视频中文字幕在线观看| 久久国产精品免费看| 亚洲精品综合一二三区在线 | 亚洲av无码无在线观看红杏| 一区二区免费在线观看| 在线a亚洲v天堂网2019无码| 成人一区二区免费视频| 亚洲av日韩av激情亚洲| 5555在线播放免费播放| 亚洲中文字幕无码久久| 免费大黄网站在线观| 亚欧洲精品在线视频免费观看| 国产日韩亚洲大尺度高清| 在线人成精品免费视频| youjizz亚洲| 免费一级大黄特色大片| 在线观看免费视频一区| 亚洲综合激情六月婷婷在线观看| 日韩免费a级毛片无码a∨ | 久久久久亚洲AV无码麻豆| free哆啪啪免费永久| 亚洲av无码专区国产不乱码| 亚洲国产V高清在线观看| 久久久久久久99精品免费观看| 精品亚洲A∨无码一区二区三区| 皇色在线视频免费网站| 国产成人精品亚洲| 亚洲成AV人片一区二区| 麻豆最新国产剧情AV原创免费| 美女露100%胸无遮挡免费观看| 国产亚洲精品资源在线26u| 亚洲免费网站观看视频| 五月天婷婷精品免费视频| 亚洲精品视频在线播放| 国产免费久久精品| 久久成人免费电影|