China banks see bad loans rise for fifth quarter

Bad loans at mainland banks increased for a fifth straight quarter at the end of last year, and analysts expect a further deterioration in asset quality this year.

Loans overdue at least three months rose by 14.1 billion yuan (HK$17.6 billion) in the fourth quarter of 2012 to 492.9 billion yuan, with the non-performing loan (NPL) ratio unchanged at 0.95 per cent from the previous quarter, the China Banking Regulatory Commission (CBRC) said yesterday.

via Business feed http://www.scmp.com/business/banking-finance/article/1167520/china-banks-see-bad-loans-rise-fifth-quarter