Chinese commercial banks saw their bad loan ratio decline to 1.6 percent by the end of November, China Banking Association said Wednesday in a statement on its Web site.

The figure was down 0.8 percentage points from the beginning of this year, according to the statement.

Capital adequacy ratio of these banks stood at above 10 percent by November end and provision coverage ratio was 151 percent. the statement said.

Related

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• State-owned banks lent 170 bln yuan in July
• Xinjiang to get US$100 mln loan from ADB
• Regulator asks banks to keep tabs on risky loans

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