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China's banking industry's assets fall RMB 342.1 bln in Apr

May. 30, 2012 (China Knowledge) - The total assets of financial institutions in the China’s banking industry were RMB 118.28 trillion at the end of April, up 18.4% YoY but down RMB 342.1 billion from a month ago, according to a statement released the China Banking Regulatory Commission.

The country's top five banks saw assets increased 14.0% YoY to RMB 54.59 trillion at the end of last month. Joint-stock commercial banks saw their assets surge 23.3% YoY to RMB 19.68 trillion at the end of April.

The assets of city-level commercial lenders were RMB 10.46 trillion at the end of April, 28.0% more than a year earlier, and the assets of other banking financial institutions had grown 20.3% YoY to RMB 33.55 trillion at the end of April.

The combined liabilities of the banking industry had increased 18% YoY to RMB 110.50 trillion at the end of April. Liabilities of large commercial banks had risen 13.8% YoY to RMB 50.97 trillion.

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