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China Large Banks Cut Loan Loss Provision To Boost Lending: Journal

CHINA PRESS
MNI (Singapore)

Large banks are encouraged to lower their provision coverage in an orderly manner, so to increase their lending ability, the China Securities Journal reported. The asset quality of the banking industry has been greatly improved with the non-performing ratio at a low level of 1.73% by end-2021, leaving downward space for lowering the 196.91% provision coverage ratio without affecting banks’ risk control needs, the newspaper said. The loan loss provision-to-outstanding non-performing loans ratio is required to fall between 120% and 150%, the newspaper added.

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