(MENAFN- Qatar News Agency) Beijing May 01 - Non-performing loans (NPLs) of major Chinese commercial banks edged up in the first quarter a fresh evidence of growing pressure for industry titans to improve the quality of their loans after years of lending sprees.
The NPL of China's four largest state-owned commercial banks all rose in the first quarter according to their first-quarter profit reports the Shanghai Securities News reported.
According to the report the Agricultural Bank of China (ABC) has the highest NPL ratio.
Non-performing loans refer to loans that are in default or close to being in default while the NPL ratio is the ratio of NPL to a lender's total loans.
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