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Last updated at: (Beijing Time) Monday, May 26, 2003

China Construction Bank Handles NPLs Totaling 19.5 Billion Yuan

In the first four months of this year, the China Construction Bank (CCB) handled 19.505 billion yuan (about 2.36 billion US dollars) worth of non-performing loans(NPLs), recovering 10.762 billion yuan, including 10.158 billion yuan in cash.


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In the first four months of this year, the China Construction Bank (CCB) handled 19.505 billion yuan (about 2.36 billion US dollars) worth of non-performing loans(NPLs), recovering 10.762 billion yuan, including 10.158 billion yuan in cash.

A CCB spokesman said the bank's NPL recovery rate for the firstfour months is much faster than that for the same period last year,especially with regard to the recovery and writing off of bad debts.

He said that, starting from the second quarter, the bank's asset maintenance system will focus on reducing outstanding NPLs, pooling all available resources to improve the recovery rate, and reducing the number of NPLs by four percentage points by the end of this year.


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