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Chinese commercial banks post US$169.7 billion in net profits in H1

BEIJING : China's commercial banks posted 1.1 trillion yuan (US$169.70 billion) in net profits in the first half of 2021, up 11.1per cent year on year, the China Banking and Insurance Regulatory Commission (CBIRC) said on Tuesday.

The banks' non-performing loan rate stood at 1.76per cent as of end-June, 0.05 percentage points lower than three months previously, it added.

(US$1 = 6.4819 Chinese yuan renminbi)

(Reporting by Cheng Leng and Ryan Woo; editing by John Stonestreet)

Source: Reuters

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