China’s five largest state-owned banks have seen their bad loan ratio drop last year, as they followed government policies to improve credit quality and accelerate bad loan disposals. The five banks, Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communication, have all released their annual reports for the year of 2017, in which bad loan conditions at the banks were disclosed. Bank of China reported a non-performing loan …

China’s Five Largest State-Owned Banks Saw Bad Loan Ratio Drop appeared first on China Money Network.