Bad loans rise – but only a little
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At Wednesday’s presser (see previous entry), the banking regulator (CBIRC) also said that things were bad for banks in the first quarter – but not too bad.
According to CBIRC officials (SCIO):
The banking sector’s nonperforming loan (NPL) ratio rose to 2.04% at the end of March, up from 1.86% at th...