Finance: Bad loans drop

(Shanghai Daily)
Updated: 2007-01-23 14:36

Bad loan ratios at major Chinese commercial banks dropped to 7.5 percent at the end of 2006, down 1.38 percentage points, the China Banking Regulatory Commission said.

The sour loans dropped 49.5 billion yuan (US$6.35 billion) to 1.17 trillion yuan. Big cases in the industry dropped 15 percent to 1,085 cases last year.


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