Loan loss provisions reached 3,094 CNY bil in 2017 in China, according to the National Central Bank. This is 16 % more than in the previous year.
Historically, loan loss provisions in China reached an all time high of 3,094 CNY bil in 2017 and an all time low of 541 CNY bil in 2010. When compared to China's main peers, loan loss provisions in India amounted to 4,012 INR bil and 5,157 RUB bil in Russia in 2017.
China has been ranked 7th within the group of 76 countries we follow in terms of loan loss provisions, 2 places behind the position seen 10 years ago.
Loan loss provisions (also known as "valuation allowance" and "valuation reserve") are an expense creditors budget as an allowance for bad loans.