According to the China Banking Regulatory Commission, the total value of non-performing loans has increased for seven consecutive quarters.
As of the end of the third quarter of this year, commercial banks saw their non-performing loans reach 565.6 billion yuan (US$92.85 billion), an increase of 70.7 billion yuan (US$11.61 billion) since the beginning of the year. This accounts for 0.97 percent of total loans, an increase of 0.01 percentage point compared to the end of the second quarter; the figures show that there has been an upward trend for seven consecutive quarters.
The total of non-performing loans for 16 banks that are listed on stock exchanges amounted to 460 billion yuan (US$75.52 billion) in the third quarter, an increase of 18 billion (US$2.96 billion) from the second quarter. Of these 16 banks, 14 have seen both their non-performing loan ratio and the value of the loans increase. Meanwhile, the profit growth of the 16 banks has dropped from 17 percent for the same period last year to 13 percent.
Source: Huanqiu, December 3, 2013