Commercial Banks See Rise in Overdue Loans

(Beijing) -- Fourteen listed commercial banks reported a total of 385.97 billion yuan in overdue loans by the end of June, up 6.35 percent from the same period last year, according to first half reports of the banks.

As of August 29, 14 listed commercial banks have published their financial results for the first half, 11 of which saw an increase in overdue loans, with the exception of Agricultural Bank of China, Shenzhen Development Bank and Huaxia Bank. Eight banks registered a more than 10 percent year-on-year rise in overdue loans.