Ping An vows to step up its efforts to control NPAs


Ping An vows to step up its efforts to control NPAs
  1. Ping An vows to step up its efforts to control NPAs
    china.org.cn
    Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this…
    World

Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this year, by enhancing loan-providing thresholds and imposing limit management measures on highly risky industries.

Some loan-providing standards are still "imperfect", which make it easier to issue bad loans, said Guo Shibang, assistant president-designate of the Shenzhen-based commercial bank.

"We will make efforts to improve the quality of our bank assets by enhancing the loan-providing threshold in order to control risks for our new business."

The bank will also strengthen risk management of highly risky industries by imposing limits, while continuing to provide support for those with sound operations, Guo said at its 2016 annual results press conference on Friday.

Ping An Bank reported a nonperforming loan ratio of 1.74 percent in 2016, up 0.29 percentage points from the level a year earlier.

Some small and medium-sized enterprises, especially in eastern areas where a large number of SMEs are located, were not able to repay the loans due to declining profits, Guo said.

Ping An Bank set up a new department, as part of a restructuring carried out by new chairman Xie Yonglin who took office last year. The department is focusing on enhancing the efficiency of nonperforming assets recovery and reducing potential risks.

The bank is also increasing the use of new technologies, such as big data, to help enhance its capability of risk management.

"Nonperforming loan ratios among Chinese banks have stayed at a low level, compared with other countries," said Yu Lingqu, a researcher from the Finance and Modern Industry Research Center at the China Development Institute, a Shenzhen-based think tank.

"But a lower level of non-performing loan ratios don't necessarily ensure a higher risk management capability," Yu said.

"This is probably because most of the loans have been provided to large State-owned enterprises, rather than SMEs."

Revenue at Ping An Bank grew 12.01 percent year-on-year to 107.71 billion yuan ($15.6 billion) last year, with…

  1. France's Le Pen, on Russia visit, heads to Kremlin for exhibition

    Channelnewsasia.com - World
    03.24 / 10:36 www.channelnewsasia.com
    French far-right presidential candidate Marine Le Pen set off for the Kremlin on Friday to visit an exhibition of French gothic art, Vyacheslav Volodin, the speaker of the State Duma, Russia's lower house of parliament, told…
  2. Using GPS switches off parts of brain, scientists find

    Channelnewsasia.com - World
    03.24 / 10:16 www.channelnewsasia.com
    Scientists studying what satnavs (GPS systems) do to the brain have found that people using them effectively switch off parts of the brain that would otherwise be utilised to simulate different routes and boost navigational…
  3. Commentary: The 3 types of jihadist attacks in the West

    Channelnewsasia.com - World
    03.24 / 10:16 www.channelnewsasia.com
    A terrorism expert reflects on a decade of research to identify and explain the three categories into which the recent London parliament attack is likely to…
  4. Brazil Official Statement After Several Countries Have Banned Imports of Meat

    Novinite.com - World
    03.24 / 09:59 novinite.com
    On Wednesday several countries have banned imports of Brazilian meat after police raided several meat producers last Friday for allegedly doling out bribes to inspectors to certify meat that was either rotten or tainted with salmonella. ''Brazil ranks among the biggest animal protein exporters in the world, and the standards of excellence of our products rate among the best of the world. High quality Brazilian meat and meat products are exported to more than 150 countries '', is said in…
  5. Trump ultimatum: Pass health bill or he'll move on

    Panarmenian.net - World
    03.24 / 08:59 panarmenian.net
    Trump himself set the stage, dispatching an aide to a closed-door meeting of Republican lawmakers to demand a…
  6. Hong Kong may choose Beijing's pick for leader amid tension

    Panarmenian.net - World
    03.24 / 08:48 panarmenian.net
    John Tsang, more popular with the densely populated city's 7.3 million people, is expected to get around a quarter of the…
  7. Westminster attack: 2 more arrested overnight

    Channelnewsasia.com - World
    03.24 / 08:44 www.channelnewsasia.com
    Two more people have been arrested after a British man went on a rampage outside…
  8. Most mutations in cancer are random cell division mistakes: study

    Panarmenian.net - World
    03.24 / 08:32 panarmenian.net
    The report was authored by the same team that led a controversial study in January 2015 that said random DNA mutations is often to blame for…
  9. Trump preparing orders to review trade deals, procurement: Officials

    Channelnewsasia.com - World
    03.24 / 08:24 www.channelnewsasia.com
    The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and review government procurement policies to aid American companies, two administration officials…
  10. Russia continued supplying T-90 tanks to Azerbaijan in 2016

    Panarmenian.net - World
    03.24 / 08:16 panarmenian.net
    The publication based the report on remarks by Russian President Vladimir Putin who was summing up the results of arms…
  11. French Defence Minister sees Raqqa battle starting in coming days

    Channelnewsasia.com - World
    03.24 / 08:07 www.channelnewsasia.com
    A battle against Islamic State to recapture the Syrian city of Raqqa is likely to start in the coming days, French Defence Minister Jean-Yves Le Drian said on…
  12. Russia says six of its soldiers killed in Chechnya base attack

    Channelnewsasia.com - World
    03.24 / 08:07 www.channelnewsasia.com
    Russia said on Friday that six of its soldiers had been killed while successfully repelling a militant assault on a military facility in…
  13. Donald Trump issues ultimatum on new healthcare act, asks Republicans to pass it by Friday

    India.com - World
    03.24 / 07:59 www.india.com
    Mick Mulvaney said, he will move to other priorities, if the President doesn't get the required vote on Obamacare to repeal and replace…
  14. Mosul air strike: Over 200 killed, buried in rubble, say Iraqi officials, residents (Watch Video)

    India.com - World
    03.24 / 07:54 www.india.com
    The air strike triggered a massive explosion in the city last week and as per the reports, the civil defence agency officials and locals are still recovering…
  15. London attacker was a criminal with militant links

    Panarmenian.net - World
    03.24 / 07:50 panarmenian.net
    Masood had shown up on the periphery of previous terrorism investigations that brought him to the attention of Britain's MI5 spy…
  16. Indian woman, son strangulated to death in New Jersey

    India.com - World
    03.24 / 07:33 www.india.com
    "Pained to hear about the killing of Sasikala & son Sai in New Jersey, US. My condolences to the family members, " Andhra Pradesh CM…
  17. South China Sea installations ‘primarily’ civilian: Li Keqiang

    India.com - World
    03.24 / 07:23 www.india.com
    The sea is a source of growing regional tension, with Beijing insisting it has sovereignty over virtually all the resource-rich waters, which are also claimed in part by several other countries, and deemed international waters by most of the…
  18. Erdogan Says Turkey will Review EU Ties ‘From A to Z’

    Novinite.com - World
    03.24 / 07:15 novinite.com
    Turkey’s president Recep Tayyip Erdoğan has once again vowed to re-examine all political and administrative ties with the EU, after a constitutional referendum in April. He warned that any review of Ankara’s relations with Europe would include a deal to curb illegal migration to the bloc. “We can continue our economic relations with the European Union, Erdoğan said, but we may need to review our political and administrative ties. We will sit down and talk with our government and review ev…
  19. China says not militarizing South China Sea

    Panarmenian.net - World
    03.24 / 07:00 panarmenian.net
    "Even if there is a certain amount of defense equipment or facilities, it is for maintaining the freedom of navigation," Premier Li…
  20. Greece says to support Rome declaration, calls for EU backing on labour reforms

    Channelnewsasia.com - World
    03.24 / 06:52 www.channelnewsasia.com
    Greece will support a declaration marking the European Union's 60th birthday but needs the bloc's backing against International Monetary Fund demands on labour reforms, Greek Prime Minister Alexis Tsipras said ahead of a Summit in Rome on…