Last updated at: (Beijing Time) Friday, July 18, 2003
Construction Bank Disposes of 31.5 Billion Yuan of NPLs
The China Construction Bank (CCB) announced Friday that in the first half of this year it disposed of 31.5 billion yuan (3.8 billion US dollars) worth of non-performing loans (NPLs), of which 20 billion yuan was recovered, including 17.8 billion yuan in cash.
The China Construction Bank (CCB) announced Friday that in the first half of this year it disposed of 31.5 billion yuan (3.8 billion US dollars) worth of non-performing loans (NPLs), of which 20 billion yuan was recovered, including 17.8 billion yuan in cash.
According to the five-category clarification standard, the bank's NPL rate was lowered to 12.43 percent, down 3.47 percentage points from the beginning of the year.
A spokesman for the CCB said that in the second half of this year, the bank would pay special attention to handling non-credit assets and make sure the target of lowering the NPL rate by four percentage points within the year could be achieved.