Chinese banks' new non-performing loans more than doubled in 2015: sources

January 12, 2016 1:06 AM

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SHANGHAI New non-performing loans (NPL) held by Chinese banks more than doubled in 2015 from the previous year, two people with direct knowledge of the matter said.

The NPLs in China's banking sector increased 257.4 billion yuan ($39.19 billion) to 1.43 trillion yuan during 2014, suggesting that new NPLs surged more than 500 billion yuan last year.

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