Industrial and Commercial Bank of China (ICBC), the country’s largest commercial lender by assets, has effectively contained a rebound of the NPL ratio since the outbreak of Covid-19. Its NPL ratio fell 0.04 percentage point from the end of last year to 1.54% at the end of June.
SHANGHAI: The asset quality of large state-owned commercial banks in China stabilised and improved in the first half of this year, with noticeable improvements in indicators like the non-performing loan (NPL) ratio.
Industrial and Commercial Bank of China (ICBC), the country’s largest commercial lender by assets, has effectively contained a rebound of the NPL ratio since the outbreak of Covid-19. Its NPL ratio fell 0.04 percentage point from the end of last year to 1.54% at the end of June.
Limited time offer:
Just RM5 per month.
