Chinese banks post slowest asset increase rate in two years

Report 13.5% rise in assets.

The China Banking Regulatory Commission said Chinese banks saw their total assets increase US$22.8 trillion at the end of June. Banks' liabilities reached US$2.2 trillion up 13.2% year-on-year.

Smaller banks, including joint-stock commercial banks and city commercial banks, posted annual growth of more than 22% for both assets and liabilities, more than double the expansion rate of large-sized banks.

Big banks accounted for 43% of the banking industry's total assets and 43.2% of its total liabilities at the end of June.

Five banks were classed as large-sized lenders by the CBRC: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications.