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Chinese banks report lower bad loans in 2009

(Xinhua)
Updated: 2010-01-16 10:46

Chinese commercial banks saw their bad loan ratio declined to 1.58 percent by the end 2009, China Banking Regulatory Commission said on Friday.

Related readings:  Regulator cautions banks on bad loans  China's central bank to manage credit pace after lending spree  Record lending will not increase bad debt, says ICBC  Bad loans 'no threat': survey

The figure was down 0.84 percentage points from the beginning of 2009, according to the commission.

The bad loans stood at 497.33 billion? yuan ($72.82 billion), down 62.98 billion yuan from the beginning of 2009.

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