CBRC: By the end of 2021, the outstanding loans of small and micro enterprises will reach 50 trillion yuan

2022-07-19 0 By

According to data released by the China Banking And Insurance Regulatory Commission (CBRC), the outstanding loans of banking financial institutions to small and micro enterprises reached 50.0 trillion yuan at the end of 2021.Among them, the loan balance of inclusive small and micro enterprises with a total credit of 10 million yuan or less was 19.1 trillion yuan, up 24.9% year on year.In terms of credit asset quality, at the end of the fourth quarter of 2021, the non-performing loan balance of commercial banks was 2.8 trillion yuan, an increase of 13.5 billion yuan compared with the end of the previous quarter.The non-performing loan ratio of commercial banks was 1.73%, down 0.02 percentage points from the end of last quarter.At the end of the fourth quarter of 2021, commercial banks’ loan loss reserve balance was 5.6 trillion yuan, an increase of 24.2 billion yuan compared with the end of the previous quarter.Provision coverage was 196.91%, down 0.09 percentage points from the end of the previous quarter.The domestic and foreign currency assets of China’s banking financial institutions reached 344.8 trillion yuan at the end of 2021, up 7.8 percent year on year, data showed.(Reporter Li Yanxia) Statement: Reprint this article is for the purpose of passing more information.If the source is wrong or violated your legitimate rights and interests, please contact the author with proof of ownership, we will promptly correct, delete, thank you.Email address: newmedia@xxcb.cn