BEIJING (Reuters) – Chinese commercial banks’ non-performing loan ratio stood at 1.63% at the end of 2022, the China Banking and Insurance Regulatory Commission said on Wednesday.
The outstanding bad loans totaled 3 trillion yuan ($438.3 billion) by the end of last year, falling by 8.3 billion yuan from the end of third quarter of 2022, the regulator said.
($1 = 6.8445 Chinese yuan renminbi)
(This story has been corrected to change comparative period to 2022, not 2020, in paragraph 2.)
(Reporting by Ziyi Tang and Ryan Woo; Editing by Toby Chopra)
