trending Market Intelligence /marketintelligence/en/news-insights/trending/xSIXDY-_lv6QMkceHSdKaQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Chinese banks see jump in mining-related NPLs

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Chinese banks see jump in mining-related NPLs

Chinese commercial banks saw a deterioration in asset quality for mining-related loans in 2016, while the regions of Inner Mongolia, Yunnan, Fujian, Shanxi and Jilin reported the highest nonperforming loan ratios, according to China Banking Regulatory Commission data.

NPLs in the mining sector saw a 124-basis-point jump to 3.57% in 2016 from 2.33% a year earlier. The sector saw low iron ore prices and an intensification of a government crackdown on mining companies not compliant with air pollution regulation.

The manufacturing and household services sectors followed behind with an increase in their NPL ratios by 50 basis points and 48 basis points, respectively.

Meanwhile, resource-rich Inner Mongolia reported the highest NPL ratios among regions in China, at 3.57%.

SNL Image

SNL Image

Click here to analyze a bank, undertake peer analysis and look at country-level banking statistics and macroeconomic data.

Click here to set-up real-time alerts for data driven articles on any region of interest.