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CN Commercial Banks 2Q NPL Ratio Sags to 1.67%, 1H Banking Sector Profit Rise Slower

AASTOCKS ·  Jul 21, 2022 22:40
Chinese commercial banks recorded a non-performing loan balance of RMB2.95 trillion at end-2Q22, up RMB106.9 billion from early 2022, announced by China Banking and Insurance Regulatory Commission (CBIRC). The NPL ratio was 1.67%, down 0.06 ppts from early 2022.
In 1H22, financial institutions in the banking sector achieved a decelerating net profit growth of 4.8% YoY.
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