Local and foreign currency assets of the country's banking and financial institutions totaled 309.4 trillion yuan (about 44.58 trillion U.S. dollars) at the end of June, up 9.7 percent year on year, according to the China Banking and Insurance Regulatory Commission.
A breakdown of the asset data showed that large commercial banks accounted for 40.7 percent of the total, while joint-stock commercial banks contributed 18 percent.
The country's commercial banks reaped combined net profits of 1 trillion yuan in the first half, down 9.4 percent from one year earlier.
Their combined non-performing loans (NPLs) hit 2.74 trillion yuan at the end of June, up 124.3 billion yuan from the end of March. The NPL ratio for the sector rose 1.94 percent, up from 1.91 percent at the end of the first quarter.
Latest comments