Banking

China's banking assets grow 19.7% in 2010

(Xinhua)
Updated: 2011-01-22 10:36

BEIJING - The total domestic assets of Chinese financial institutions in the banking sector rose 19.7 percent year-on-year in 2010 to 94.3 trillion yuan ($14.3 trillion), China's banking regulator said on Friday.

Financial institutions in the banking sector refers to commercial banks, deposit taking urban- and rural-credit cooperatives and policy banks.

Their combined liabilities rose 19 percent year-on-year to 88.4 trillion yuan in 2010, the China Banking Regulatory Commission (CBRC) said.

Large-scale commercial banks' assets grew 14.4 percent to 45.9 trillion yuan last year.

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The assets of joint-stock commercial banks rose to 14.9 trillion yuan, up 26.1 percent from a year earlier, the statement posted on the CBRC website said.

The liabilities of large-scale commercial banks rose 13.5 percent year-on-year to 43 trillion yuan.

The liabilities of joint-stock commercial banks increased 25.2 percent to 14 trillion yuan.