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Chinese banking sector's bad loan rate rises in 2015

Xinhua, February 15, 2016 Adjust font size:

The bad loan rate in China's banking sector rose slightly in 2015, according to the country's top banking regulator on Monday.

The bad loan rate stood at 1.67 percent by the end of last year, with a total of bad loan worth 1.27 trillion yuan (195 billion U.S. dollars). The bad loan rate in 2014 stood at 1.64 percent, according to China Banking Regulatory Commission (CBRC).

The banking sector raked in net profit of 1.59 trillion yuan in 2015, increasing by 30 billion yuan year on year, CBRC statistics showed. Endite