China News Service, Beijing, November 16 (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission announced on the 16th that at the end of the third quarter, the domestic and foreign currency assets of Chinese banking financial institutions were 339.4 trillion yuan (RMB, the same below), a year-on-year increase of 7.7%.

The balance of non-performing loans of commercial banks increased, but the rate of non-performing loans dropped slightly.

  Official data show that the current quality of commercial banks' credit assets is basically stable, and profits continue to recover steadily.

At the end of the third quarter, the balance of non-performing loans of commercial banks was 2.8 trillion yuan, an increase of 42.7 billion yuan from the end of the previous quarter; the non-performing loan ratio of commercial banks was 1.75%, a decrease of 0.01 percentage points from the end of the previous quarter.

In the first three quarters, commercial banks achieved a cumulative net profit of 1.7 trillion yuan, a year-on-year increase of 11.5%.

  From the perspective of risk compensation capability, at the end of the third quarter, the balance of loan loss reserves of commercial banks was 5.6 trillion yuan, an increase of 189.1 billion yuan from the end of the previous quarter; the provision coverage ratio was 196.99%, an increase of 3.76 percentage points from the end of the previous quarter; loan allocations The reserve ratio was 3.44%, an increase of 0.05 percentage points from the end of the previous quarter.

During the same period, the core tier 1 capital adequacy ratio of commercial banks (excluding foreign bank branches) was 10.67%, an increase of 0.17 percentage points from the end of the previous quarter.

  According to the analysis of the Bank of China Research Institute, since the third quarter, China’s economic stability and improvement have significantly improved the willingness and ability of bank customers to repay; in addition to loan write-offs, commercial banks have also reached debt transfer agreements with asset management companies to speed up the issuance of non-performing loans. Asset-backed securities and other methods have increased the intensity of non-performing disposal, and the quality of assets will remain stable overall, but there will still be greater pressure.

  The agency predicts that in the fourth quarter, the asset quality of commercial banks will maintain a trend of "one increase and one decrease", with the non-performing loan ratio falling year-on-year and the non-performing loan balance rising slightly.

Among them, low-end manufacturing and wholesale and retail industries still face greater pressure on asset quality.

  The data disclosed that day also showed that the banking industry continued to strengthen financial services.

At the end of the third quarter, the loan balance of banking financial institutions for small and micro enterprises was 48.9 trillion yuan, of which the balance of loans to inclusive small and micro enterprises with a single-account credit of 10 million yuan or less was 18.5 trillion yuan, a year-on-year growth rate of 25.2% .

6.5 trillion yuan of loans for affordable housing projects.

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