China Exim Bank's NPL ratio drops to 1.80% in H1

The Export-Import Bank of China said its new loans in the first half of the year totaled RMB 154.6 billion, up 66.77% from a year earlier, with the non-performing loans (NPL) ratio dropped to 1.80% at the end of June.

The new NPL ratio represents a year-on-year decrease of 0.65%, which showed the fruitful results of the Chinese lender's efforts of improving its business structure.

Statistics from the bank showed that its total assets have increased by RMB 86.6 billion to RMB 610.8 billion from last year, while outstanding loans were up RMB 91.3 billion to RMB 412.3 billion in the same period.

Founded in 1994 as one of the three policy banks in China, China Exim Bank is a major policy financing channel for China's exports and imports as well as a major onlending bank of foreign government loans.