Chinese banks have seen a 27% surge in non-performing loans (NPLs) to the country’s ailing property sector since the end of last year, according to analysis by Nikkei Asia.
Real estate sector NPLs now make up 12.3% of the banks’ total bad loans, up 2% points this year so far and of the of the 46 mainland banks surveyed, the report went on, 22 saw their NPL share to the sector rise by double-digits in the last eight months.
Full story: Nikkei Asia
- By Sean O’Meara
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