Net profit of China's commercial banks rose by 5.86% in the first quarter

The net profit of China's commercial banks in the first quarter of this year increased by 5.86% to 522 billion 200 million yuan. The growth of the index accelerated compared to the rise of 1.25% a year earlier, according to the State Committee for Control and Management of Banking and Insurance Activities of the PRC. The share of bad loans in banks at the end of March compared with the end of 2017 remained virtually unchanged at the level of 1.75%. The balance of bad debts increased by 68.5 billion yuan to 1 trillion 770 billion yuan.

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