Chinese Banking Sector Assets Up 10.2% in Jan.- Sept.

Beijing, November 20 (QNA) – China’s local and foreign currency assets of the banking financial institutions totaled 373.9 trillion yuan (about USD 52.59 trillion) at the end of September, up 10.2 percent year on year.

A breakdown of the asset data showed that large commercial banks accounted for 41.3 percent of the total, while joint-stock commercial banks contributed 17.4 percent, according to the China Banking and Insurance Regulatory Commission.

The country’s commercial banks reaped combined net profits of 1.7 trillion yuan in the January-September period, up 1.2 percent from one year earlier.

By the end of September, the non-performing loan ratio of commercial banks stood at 1.66 percent, lower than the level at the end of the second quarter. (QNA)