男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

   
 
 
Home > Biz updates

Coal sector's woes drive up bad loans

By JIANG XUEQING (China Daily)

Updated: 2015-04-02

Coal sector's woes drive up bad loans

A clerk at an outlet of China Construction Bank Corp in Hai'an, Jiangsu province. Statistics show that the problem of nonperforming loans expanded in 2014 from the Yangtze and Pearl river regions into western China. [Photo/China Daily]

Bad loans jumped in the western region of China last year mainly because of a glut of coal supply that drove prices of the fuel sharply lower, causing mining companies to lose money and in some cases default on their debt.

The results of the four largest State-owned commercial banks by assets show that the problem of nonperforming loans expanded in 2014 from the Yangtze and Pearl river regions into western China.

Agricultural Bank of China Ltd's NPLs in the western region surged to 30.33 billion yuan ($4.89 billion) last year from 19.52 billion yuan a year earlier. Bad loans in western China accounted for 24.3 percent of the bank's total NPLs, and its NPL ratio in that area was 1.68 percent, up 45 basis points.

At Industrial and Commercial Bank of China Ltd, NPLs in the western region stood at 20.7 billion yuan as of Dec 31, up from 11.49 billion yuan. The NPL ratio in western China was 1.04 percent, up 38 bps.

Bank of China Ltd and China Construction Bank Corp reported similar problems.

"The increase of nonperforming loans in western China was mainly caused by the drop of coal prices. Some coal-related companies defaulted last year and several other companies were responsible for a rising amount of bad loans," ICBC said in its annual report.

Lu Yaohua, the vice-chairman of the China National Coal Association, said that coal supply greatly exceeded demand last year, putting mining companies under intense operating pressure.

Core revenue for coal companies nationwide fell 6.7 percent to 3 trillion yuan, with profit down 46.2 percent to 126.85 billion yuan.

Statistics from the association show that companies in the sector in nine provinces lost money overall during the first half of 2014. Among 36 large miners, 20 were in the red and nine barely broke even.

The problem was particularly serious in Shanxi province and the Inner Mongolia autonomous region, where coal companies cut employees' pay or even defaulted on wages.

Zhang Jinliang, executive vice-president of Bank of China, said: "The rise of nonperforming loans has been a problem for Chinese banks in recent years due to slowing growth and ongoing economic restructuring. Bad assets have been concentrated in export-oriented coastal regions and some resource-oriented provinces in central and western China."

Song Xianping, chief risk officer at ABC, said: "The economy will hopefully stabilize this year or next.

"The impact on banks' asset quality will be felt six to nine months later, so bad loans are still controllable although the NPL ratio is likely to increase in 2015."

High-speed train debuts in Inner Mongolia

A bullet train departed Hohhot East Railway Station for Ulanqab marking the start of high-speed rail services using Inner Mongolia’s first newly-laid high-speed railway on Aug 3.

Grassland Tales From Inner Mongolia

This year marks the 70th anniversary of the establishment of the autonomous region, during which various celebrations are planned to showcase its prosperity and ethnic diversity.

Copyright ? 2013 China Daily All Rights Reserved
Sponsored by the Inner Mongolia Autonomous Region Government
Powered by China Daily
主站蜘蛛池模板: 唐海县| 怀宁县| 鲜城| 温宿县| 株洲县| 民乐县| 彰化市| 左权县| 瑞安市| 西充县| 乌兰浩特市| 东兰县| 汶川县| 武隆县| 新兴县| 泰和县| 博爱县| 齐齐哈尔市| 阿城市| 岫岩| 平凉市| 英德市| 建宁县| 镇江市| 宁晋县| 拉孜县| 株洲市| 山阴县| 泾源县| 河源市| 六安市| 宁河县| 盐津县| 连州市| 宜兰市| 嘉禾县| 静乐县| 长武县| 德州市| 海兴县| 延吉市|