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China Development Bank's NPL ratio drops to 0.9% at end-2009

China Development Bank's NPL ratio drops to 0.9% at end-2009

Published: 07 Feb 2010 16:33:02 PST

Feb. 8, 2010 (China Knowledge) - The non-performing loan ratio of the China Development Bank fell to 0.9% as of the end of 2009, 0.07 percentage points lower than at the end of 2008, sources reported, citing its president Chen Yuan.

By the end of 2009, the policy lender's total assets amounted to RMB 4.5 trillion, compared with RMB 2.8 trillion as of the end of 2008. It reaped RMB 30.2 billion in net profit last year.

Chen noted that the bank played a positive role in boosting the country's economic recovery and the transformation of its economic structure. 


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Source: China Knowledge
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