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China's banking industry's assets hit RMB 123.71 trln at end-Aug

Sep. 26, 2012 (China Knowledge) - The total assets of financial institutions in the China’s banking industry hit RMB 123.71 trillion at the end of Aug, up 18.4% YoY, according to a statement released the China Banking Regulatory Commission.

Large-scale commercial banks saw assets increased 12.1% YoY to RMB 55.52 trillion at the end of August, while joint-stock commercial banks saw assets surge 26.7% to RMB 21.24 trillion.

The assets of city-level commercial banks were RMB 11.38 trillion at the end of August, up 29.4% from a year earlier, and the assets of other banking financial institutions rose 21.1% YoY to RMB 35.56 trillion at the end of August.

The combined liabilities of the banking industry had increased 18.2% YoY to RMB 115.56 trillion at the end of last month. Liabilities of large commercial banks and joint-stock commercial banks had risen 11.7% and 27.1% YoY to RMB 51.78 trillion and RMB 20.01 trillion, respectively.

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