Chinese banking profits up by 16%

Published on 20/02/2012 00:00

Profits at Chinese banks reached a record high of 1.04 trillion yuan (£104.2 billion) in 2011, up 15.8 per cent from a year earlier, China’s banking regulator said yesterday.

That was slower than the 34.5 per cent seen in 2010 but still higher than the 14.6 per cent recorded in 2009.

The non-performing loan ratio fell to 1 per cent by the end of 2011 from 1.1 per cent a year earlier, the average gap between lending and borrowing rates widened to 2.7 per cent from 2.5 per cent, and capital adequacy ratios were boosted to 12.7 per cent from 12.2 per cent.