China’s miniature bearings small, mid-sized commercial banks see profits surge
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China’s small, mid-sized commercial banks see profits surgePublished: 18 Mar 2009 00:25:19 PSTMar. 18, 2009 (China Knowledge) — Small and medium-sized commercial banks in China saw a 53% surge in their combined profits, which were RMB 125.2 billion (US$18.3 billion) last year, according to statement made by the nation’s banking watchdog, China Banking Regulatory Commission (CBRC), on Tuesday.By the end of last year, these banks, which focus on lending to small, privately-owned enterprises, had achieved their capital adequacy ratios. The ratios of joint-equity commercial banks hit 10.5%, while that of city commercial banks reached 13%, said the statement.The 2008 ratio of non-performing loans (NPL) of small and mid-size commercial banks edged down to a record low of 1.7% from 2.45%, while the NPL ratio of joint-equity commercial banks fell to 1.35%, and that of city commercial banks fell to 2.3%.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News风机箱 kitchen cabinets Aloe vera 弹簧 タルタロス rmt ドラゴナ RMT