BEIJING -(Dow Jones)- Banks in China had CNY454.9 billion worth of nonperforming loans at the end of June, down CNY42.5 billion from a year earlier, giving an NPL ratio of 1.30%, the China Banking Regulatory Commission said Thursday.
The NPL ratio was 0.28 percentage point lower than at the end of last year, the regulator said in a statement on its website.
China usually classifies bank loans according to a five-category system, based on loan quality. The categories are: normal, special mention, sub-standard, doubtful, and loss.
The CBRC said NPL loans classified as "loss" at the end of June totaled CNY64.9 billion, doubtful loans totaled CNY222.7 billion and sub-standard loans amounted to CNY167.3 billion.
-Victoria Ruan contributed to this article, Dow Jones Newswires; 8610 8400 7799; victoria.ruan@dowjones.com
Copyright 2009 Dow Jones Newswires
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