China's bank assets grow to $60.14t in Q1 2024

This grew by 8.1% on a year-on-year basis.

By the end of the first three months of the year (Q1 2024), China’s banking institutions' total RMB and foreign currency assets reached $60.14t (RMB429.6t), an 8.1% increase year-on-year (YoY), data from the National Financial Regulatory Administration (NFRA) showed.

Large commercial banks held $25.9t (RMB185t) of these assets, up 11.2% YoY, comprising 43.1% of the total. Joint-stock commercial banks' assets were $10.05t (RMB71.8t), up 4.1% YoY, making up 16.7% of the total.

Loans to micro and small enterprises (MSEs), including loans to individual business owners and MSE owners, totalled $10.42t (RMB74.4t). Inclusive loans to MSEs with a single account credit limit under $1.4m (RMB10m) reached $4.4t (RMB31.4t), a 21.1% increase YoY.

The outstanding balance of non-performing loans (NPLs) of commercial banks was $476b (RMB3.4t), up by $19.8b (RMB141.4b) from the previous quarter, with an NPL ratio of 1.59%, stable compared to the previous quarter.

Performing loans stood at $29.15t (RMB208.2t), with normal loans at $28.5t (RMB203.6t) and special-mention loans at $644b (RMB4.6t).

Commercial banks' net profit was $94.12b (RMB672.3b), a 0.7% YoY increase, with an average ROE of 9.57% and ROA of 0.74%, both showing slight increases from the previous quarter.

Loan loss provisions totalled $966b (RMB6.9t), up $37.77b (RMB269.8b) from the last quarter. The provision coverage ratio was 204.54%, down 0.6 percentage points, whilst the loan provision ratio was 3.26%, down 0.01 percentage points from the previous quarter.

The capital adequacy ratio (CAR) of commercial banks was 15.43%, tier-1 CAR was 12.35%, and core tier-1 CAR was 10.77%.

The liquidity coverage ratio was 150.84%, down 0.76 percentage points from the previous quarter. The net stable funding ratio was 125.33%, and the liquidity ratio was 68.66%, up 0.78 percentage points.

The RMB excess reserve ratio was 1.7%, down 0.54 percentage points, and the loan-to-deposit ratio was 78.8%, up 0.11 percentage points from the last quarter.

($1.00 = RMB7.25)

Also Read

Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative merger

APAC banks face potential impact from falling property prices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit