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China's banking industry's assets hit RMB 120.01 trln at end-May

Jun. 27, 2012 (China Knowledge) - The total assets of financial institutions in the China’s banking industry were RMB 120.01 trillion at the end of May, up 19.1% YoY, according to a statement released the China Banking Regulatory Commission.

Large-scale commercial banks saw assets increased 13.7% YoY to RMB 54.77 trillion as of the end of May, while joint-stock commercial banks saw assets surge 24.9% to RMB 20.14 trillion.

The assets of city-level commercial lenders were RMB 10.87 trillion at the end of May, 31.2% more than a year earlier, and the assets of other banking financial institutions had grown 21.7% YoY to RMB 34.24 trillion at the end of May.

The combined liabilities of the banking industry had increased 18.8% YoY to RMB 112.04 trillion at the end of last month. Liabilities of large commercial banks had risen 13.4% YoY to RMB 51.06 trillion.

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