Aug. 23 (Bloomberg) -- China’s five biggest banks had a combined non-performing loan ratio of 1.46 percent at the end of June, the People’s Daily reported today, citing Shen Xiaoming, a director at the China Banking Regulatory Commission.
Non-performing loans at the end of June was 324.8 billion yuan at Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp. and Bank of Communications Co., according to the report.
