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China's banking industry sees RMB 1.25-trln profit in 2011

Apr. 25, 2012 (China Knowledge) - China's banking industry reaped an after-tax profit of RMB 1.25 trillion in 2011, reflecting a growth of 39.3% year on year, mainly due to an increase in interest-bearing assets, according to a report released by the China Banking Regulatory Commission yesterday.

Commercial banks in China earned a combined after-profit tax of RMB 1.04 trillion last year, 36.3% more than in the previous year.

Large commercial banks in China realized a total after-tax profit of RMB 664.66 billion last year, accounting for 53% of the industry's total. China's Big-Four state-owned lenders earned RMB 630.17 billion in 2011, nearly 20% more than in the previous year.

The banking industry had total assets of RMB 113.3 trillion at the end of 2011, 18.9% more than a year earlier, and its total liabilities had reached RMB 106.1 trillion, up 18.6% year on year.

At the end of last year, Chinese commercial banks had RMB 427.9 billion of non-performing loans , RMB 5.7 billion less than a year earlier, and the NPL ratio stood at 0.96%, 0.17 percentage points lower than a year ago.

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