Chinese banks' potential bad loans increased significantly in first quarter

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese banks see the amount of potential bad loans increased significantly in the first quarter as businesses were hurt by the coronavirus outbreak, with retail loans such as credit card loans hit the hardest.

Chinese banks' non-performing loan (NPL) ratio remained largely stable in the first quarter despite the epidemic, but the amount of so-called "special mention loans", lending potentially at risk of becoming NPLs surged, shows banks' financial statements for the quarter.

Among the six big state banks, the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

For only $0.5 per day, we get you a full coverage of key developments in China market, with data and details you don't see elsewhere. Grab the welcome offer!