Qudian's non-performing loans reached 5.62% of total loans at the end of 2019-06-30, up from 4.66% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.33% in 2018-03-31 and an all time low of 1.13% in 2017-06-30.
Provision coverage amounted to 133% at the end of 2019-06-30, up from 108% compared to a year earlier.
The bank created loan loss provisions worth of 15.0% of average loans in 2019-06-30. That's compared to 12.6% of loans the bank put aside to its cost on average in the last five years.
Comparing Qudian with its closest peers, Home Credit China operated at the end of 2019-06-30 with NPL ratio of 1.39% and provision coverage of 846%.
You can see all the bank’s data at Qudian Profile, or you can download a report on the bank in the report section.
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