Chinese banks worte off non-performing loans (NPLs) worth a total of US$146 billion in 2018, as bad debt rose while financial institutions sought faster ways to dispose of soured loans. The aggregate write-offs of Chinese commercial banks reached RMB988 billion (US$146.43 billion) in 2018, up RMB259 billion (US$38.38 billion) compared to 2017, China’s Xinhua reported, […]

Chinese Banks Write Off $146B Bad Debts In 2018 To Accelerate NPL Disposal appeared first on China Money Network.