CCB haunted by 3B yuan bad loans to bankrupt firm: report
(07-11 16:09)
China Construction Bank (0939) reportedly has over 3 billion yuan (HK$3.66 billion) bad loan to a private firm which has gone bankrupt, Caixin magazine reported, citing sources at the bank. The Zhejiang branch of the mainland's second-largest lender was saod to given out loans to a Hangzhou-based trade and investment firm, which filed for bankruptcy in January. CCB refused to comment, saying the case is being handled. Beside CCB, Industrial & Commercial Bank of China Ltd. (1398) and Bank of China (3998) have also given out loan to the firm, according to the magazine.
CCB shares fell 2.95 percent to HK$4.93 in Hong Kong Exchange today.
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