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Shanghai banking industry's total assets up 20.6 pct to RMB12.7 trln by Q3

SHANGHAI
2015-10-28 16:48

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Shanghai banking industry's total assets stood at 12.7 trillion yuan by the end of the third quarter, up 20.6 percent over a year earlier, according to Shanghai office of China Banking Regulatory Commission (CBRC).

The banking institutions in Shanghai have offered 5.3 trillion yuan of loans by the end of the third quarter, up 11.8 percent on year. And the ratio of non-performing loans stood at 0.92 percent, down 0.06 percentage point over a year earlier.

By the end of September, new loans of Shanghai financial institutions amounted to 447.86 billion yuan, and their loans to the industries of leasing, commercial service, manufacturing, retail and wholesale accounted for 42.77 percent of the total.

The banking institutions in Shanghai have offered 100.03 billion yuan of loans to local affordable housing projects in the same period, up 11.4 percent on year. 150,800 startups have gotten loans from local banks, and 94.67 percent of startups applying for loans got the money from the local banks.

By the end of September, fees charged by banks in Shanghai have decreased 1.75 billion yuan as major local banks cancelled lots of charging items and cut charging standard. 21 banks, 96 bank branches, 13 franchise serving institutions, 298 bank subbranches, 27 non-banking financial institutions and four asset management companies have opened business in the Shanghai Pilot Free Trade Zone by the third quarter of 2015.

Banks in the pilot free trade zone handled cross-border trade settlement of 7.3 trillion yuan in the first three quarters and offered 47.88 billion yuan of overseas loans by the end of the third quarter, rising 58.9 percent from the beginning of the year.

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