BANK OF CHINA RELEASED RATIO OF NON-PERFORMING ASSETS
AsiaInfo Services, January, 2002
AsiaInfo Services 01-28-2002 Bank of China Released Ratio of Non-performing Assets CHINA, Jan 28, 2002 (AsiaPort via COMTEX) -- Bank of China has released the annual performance, and revealed that the ratio of non-performing assets of the Chinese domestic institutions is 24.17%, which dropped 4.07% from last year.
This is the first time for state-owned commercial banks published the ratio of non-performing assets while releasing the annual performance reports. According to the statistics, by the end of 2001, all the institutions in China or abroad gained a gross accounting profit of 10.805 billion yuan, in which, the institutions in China gained a profit of 2.248 billion yuan, an increase of 4.7% from last year. If deducted the past burden, the institutions in...
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