OVERSEAS banks in Shanghai are running solidly despite the global financial crisis, the Shanghai banking regulator said yesterday.

Overseas banks in Shanghai are fundamentally healthy with quality assets, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday.

Overseas banks incorporated in the city posted a combined total of bad loans of 0.46 percent by the end of last month, against a nationwide 0.5 percent for all overseas banks.

The locally incorporated banks set provisions of 238.26 percent against non-performing loans with a capital adequacy ratio of 16.12 percent, far beyond the regulatory minimum requirement of 8 percent, the local regulator said.

Locally incorporated banks include banking titans like HSBC, Citigroup and Standard Chartered.

Overseas players not locally incorporated and running as branches of foreign banks are also sound, the regulator said, quoting an NPL ratio of 0.52 percent and a provision of 217.49 percent.

Banks in Shanghai raked in a book profit of 68.64 billion yuan (US$10.03 billion) in the first three quarters, surpassing the whole-year profit of last year. Overseas banks contributed 8.81 billion yuan.