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Home>>China Business >> Finance

BoCom guards bad loans

09:56, August 19, 2010      

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Bank of Communications (BoCom), China's fifth-biggest lender, plans gradually to increase provisions to guard against bad loans, a senior executive said Wednesday.

"We will take a prudent approach and will gradually increase our loan-loss provisions," chief financial officer Yu Yali told reporters after the company reported its first-half earnings.

"Our goal is to fully cover the bank's credit risk, rather than postpone risks into the future."

Source: Global Times

（Editor：黄蓓蓓）

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