China’s NPL ratio to rise further in Q2 but not at a fast pace – banking regulator
China’s banking and insurance
regulator said on Wednesday that the sector’s bad loan ratio is
2.04%, and estimated it will continue to rise in the second
quarter but not at a fast pace.
Loan defaults, repayment delays, and bad loans all rose in
the first quarter as the coronavirus outbreak triggered
unprecedented economic challenges, Huang Hong, vice chairman of
the China Banking and Insurance Regulatory Commission (CBIRC),
told a news conference in Beijing on Wedne
regulator said on Wednesday that the sector’s bad loan ratio is
2.04%, and estimated it will continue to rise in the second
quarter but not at a fast pace.
Loan defaults, repayment delays, and bad loans all rose in
the first quarter as the coronavirus outbreak triggered
unprecedented economic challenges, Huang Hong, vice chairman of
the China Banking and Insurance Regulatory Commission (CBIRC),
told a news conference in Beijing on Wedne
Posted by Reuters
