February 7, 2020 / 2:49 AM / 10 days ago

China says banks' non-performing loan ratios to rise due to virus outbreak

BEIJING, Feb 7 (Reuters) - China Banking and Insurance Regulatory Commission Vice Chairman Zhou Liang said on Friday he expects banks’ non-performing loan ratios to rise somewhat amid the coronavirus outbreak but said China has ample resources to deal with any rise in bad loans.

Zhou made the remarks during a press briefing in Beijing. (Reporting by Kevin Yao; Writing by Se Young Lee; Editing by Tom Hogue)

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