Agricultural Bank of China analysis reveals that bad debts at Asian banks have climbed to its highest level since the 2008 financial crisis and reports suggest it will get worse as regional economies struggle against China's economic slowdown and unstable oil and commodity prices. Excluding Indian and Japanese bank, the bad debt pile at 74 major listed Asian banks rose to $171bn by the end of 2015, with non-performing loans (NPLs) surging by 28% YoY.
Reuters analysis reveals that bad debts at Asian banks have climbed to its highest level since the 2008 financial crisis and reports suggest it will get worse as regional economies struggle against China's economic slowdown and unstable oil and commodity prices. Excluding Indian and Japanese bank, the bad debt pile at 74 major listed Asian banks rose to $171bn by the end of 2015, with non-performing loans (NPLs) surging by 28% YoY.