Liu: the banking sector rate of return on capital employed 17.1%
According to Xinhua report April 18, the China Banking Regulatory Commission Chairman Liu Mingkang on the 18th in the 2009 Boao Forum for Asia annual gathering said that China’s banking part withstand the economic urgent position, has sustained a stable growth.
Liu held at the association, “the seek for economic discovery, openness and balanced regulation,” sub-forum, said non-performing borrowings of China’s banking part has been a very good balance of command, capital adequacy ratio on the increase, banks a good rate of come back, the development of the banking part is healthy.
He said that in 2008 industry-wide earnings of China’s banking part come to 583.4 billion yuan, setting a world record for the largest earnings development overhead 30%, but furthermore the world’s first. Industry-wide come back on capital come to 17.1 percent.
The participants are worried about the topic of non-performing borrowings of China’s banking part, Liu said that the first quarter of this year, China’s banking part non-performing lend rate was only 2.04 per hundred, a decline of the end of last year more than 0.38 percentage points. Balance of non-performing borrowings, comprising a decline of 10.77 billion yuan last year. In his outlook, this outcomes in a considerable boost in borrowings made under the attenuating components, and not very easy to arrive by.
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