China Banking Institutions End-Sept Total Assets Up - ResearchInChina

Date:2007-11-01liaoyan  Text Size:

The total assets of China's financial institutions including commercial banks, foreign banks and non-bank financial institutions, rose 20.3 pct year-on-year to 50.62 trln yuan at the end of September, the banking regulator said.

The China Banking Regulatory Commission (CBRC) said in a statement on its website that the total liabilities of these institutions reached 47.84 trln yuan at end-September, up 19.4 pct from a year ago.

In a breakdown of its data, the CBRC said assets of the five major state-owned banks stood at 27.46 trln yuan at end-September, up 17 pct from a year earlier.

Their liabilities rose 16.3 pct to 25.89 trln.

Twelve national joint stock commercial banks' assets grew 34.6 pct from a year earlier to 6.88 trln yuan, with total liabilities increasing 33.2 pct to 6.58 trln.

City commercial banks had assets of 3.09 trln yuan at the end of September, up 27.7 pct year-on-year with liabilities up 25.8 pct at 2.92 trln.

Total assets of all the other institutions in the sector increased 19 pct to 13.18 trln yuan while their total liabilities rose 18.2 pct to 12.45 trln.

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