Chinese banks’ bad-loan ratio at 1.89% as of end-Nov, says regulator

BEIJING – China banking institutions saw their combined bad-loan ratio stand at 1.89% at end of November, the sector’s regulator said in Beijing on Thursday.

The outstanding property loans by the end of November increased 8.4% compared to the same period last year, the regulator added.

(Reporting by Cheng Leng, Zhang Yan and Ryan Woo; Editing by Muralikumar Anantharaman)