Liu: the banking part rate of come back on capital engaged 17.1%
According to Xinhua news April 18, the China Banking Regulatory Commission Chairman Liu Mingkang on the 18th in the 2009 Boao Forum for Asia annual meeting said that China’s banking sector withstand the financial crisis, has maintained a steady growth.
Liu held at the association, “the seek for economic discovery, openness and balanced regulation,” sub-forum, said non-performing borrowings of China’s banking part has been a very good balance of command, capital adequacy ratio on the increase, banks a good rate of come back, the development of the banking part is healthy.
He said that in 2008 industry-wide earnings of China’s banking part come to 583.4 billion yuan, setting a world record for the largest earnings development overhead 30%, but furthermore the world’s first. Industry-wide come back on capital come to 17.1 percent.
The participants are afraid about the subject of non-performing advances of China’s banking subdivision, Liu said that the first quarter of this year, China’s banking subdivision non-performing advance rate was only 2.04 out of 100, a diminish of the end of last year more than 0.38 percentage points. Balance of non-performing advances, exemplifying a diminish of 10.77 billion yuan last year. In his scenery, this effects in a extensive advance in advances made under the contributing elements, and not not hard to draw close by.
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