Beijing orders banks to relax bad debt ratio for loans made to small companies

//Beijing orders banks to relax bad debt ratio for loans made to small companies

Beijing orders banks to relax bad debt ratio for loans made to small companies

China’s top banking regulator has ordered commercial banks to relax their tolerance over non-performing loans (NPLs) owed by small companies, reflecting the latest move by Beijing to support private companies amid the deepening economic slow down.Commercial banks can loosen the NPL ratio tolerance for “inclusive small companies” by 3 percentage points, according to a guideline published by the China Banking and Insurance Regulatory Commission (CBIRC) on its official website on Wednesday.The…

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By | 2019-03-13T12:00:07+00:00 March 13th, 2019|Business|Comments Off on Beijing orders banks to relax bad debt ratio for loans made to small companies