May. 18, 2012 (China Knowledge) - Commercial banks in China booked a combined net profit of RMB 326 billion in the first quarter of this year, 23.72% more than in the same period of last year, according to statistics released by the China Banking Regulatory Commission
The commission said that the non-performing loans (NPL) of commercial banks increased by RMB 10.3 billion to RMB 438.2 billion in Q1, while the NPL ratio fell 0.1 percentage points from the end of last year to 0.9% at the end of March.
The NPL of joint-stock banks rose by RMB 4.5 billion to RMB 60.8 billion in the quarter, and the NPL of city commercial lenders increased by RMB 2 billion to RMB 35.9 billion. The NPL of rural commercial banks reached RMB 37.4 billion at the end of Q1, increasing by RMB 3.3 billion from the end of 2011.
At the end of March, the capital adequacy ratio of Chinese commercial banks was steady at 12.7%, and their core capital adequacy ratio had risen 0.1 percentage points from the end of 2011 to 10.3%.