Jan. 15, 2007 (China Knowledge) – The Export and Import Bank of China (Eximbank), one of China's three policy banks, reported that its non-performing loan (NPL) ratio dropped to 3.47% at the end of 2006.

The bank’s annual working meeting held last week revealed that Eximbank’s NPL has been consistently falling for the past eight years. Its NPL ratio has dipped by more than 10% since 1998 when the figure stood at 14.19%.

Eximbank president Li Ruogu said the bank will move away from solely relying on policy business to developing commercial business. Eximbank will also look to adopt modern banking operations.

Li added that the bank will actively support the State's economic diplomacy, speed up financial innovation, support the export of services, and help promote export-oriented innovation bases and overseas economic and trade cooperative zones.