The provision coverage ratio of China's commercial banks reached 186 percent by the end of June, up 7.8 percentage points from the end of May and 51.7 percentage points from a year ago, according to data released by China's top banking regulator Wednesday.
At the end of June, the provision coverage ratio of the financial institutions in the banking industry rose 4.5 percentage points from the end of May to 88.5 percent, up 24.3 percentage points year-on-year, the China Banking Regulatory Commission said on its website.
By the end of last month, financial institutions of the banking sector saw their balance of loan-loss provisions reach 1.17 trillion yuan ($172 billion), an increase of 48.8 billion yuan from the end of May and 124.5 billion yuan from the end of 2009. The balance of their provisions for various asset-impairment losses rose by 49.9 billion yuan from the end of May to 1.3 trillion yuan, up 121 billion yuan from the end of last year.
