According to statistics released by the China Banking Regulatory Commission (CBRC), commecial banks in China had 433.3 billion in non-performing loans on their books at the end of the first quarter, which is 300 million yuan less than those held at the end of the final quarter of 2010. However, a report released by the People's Bank of China on May 11 indicated that 92.4 billion in financial losses had been written off in the first quarter, when factoring this in, analysts say that non-performing loans actually increased by 92.1 billion yuan in the first quarter.

Source
Securities Daily

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