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PBC Deals with Bad Loans
The People's Bank of China (PBC) has examined over the bad loans cases recently, and held those responsible for the bad loans.
During the first half of this year, the PBC examined 316 branches of four state commercial banks with more bad loans.
This examination was another important supervision exercise following the examination of the state commercial banks last year by the PBC, China's central bank.
A PBC official said that the proportion of bad-loans at the state commercial banks dropped by 2.1 percent in the first half of this year over that at the beginning of this year.
He said that the four state commercial banks will strive for an annual average decrease of 2 to 3 percentage points in bad loans over the coming three years.
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