China Financial Daily:Wenzhou NPL ratio;PAB FY16results
Wenzhou NPL Down to 2.67% in Feb (Xinhua, Mar 16)
NPL ratio for banks in Wenzhou went down 2bps from last year end to 2.67%at February 2017 with NPL balance of Rmb22bn. Wenzhou NPL ratio has beentrending down from the peak of 4.68% in 2014. In addition, mid-long term loanaccounted for 42% of total lending balance in Wenzhou, up 2ppt from 2016.
Wenzhou targets to control NPL amount below Rmb21bn and NPL ratio below2.5% in 2017.