Over the weekend the China (FXI, quote) Banking Regulatory Commission released a report indicating that China’s non-performing loans for commercial banks in China increased by 1.16% for the month of September.

This is significant when taking a look at the period ending in June was only 0.09%. In terms of yuan the banking sectors non-performing loans jumped from 72.5 billion yuan at the end second quarter to 766.9 billion yuan or 124.9 billion USD in the third quarter.

Non-performing ratios for China’s 5 largest banks stand at:

• Commercial Bank of China (ICBC, quote) – 1.06%
• Agricultural Bank of China (ACGBY , quote) – 1.29 %
• Bank of China (BACHY, quote) – 1.07%
• China Construction Bank (CICHY, quote) – 1.13%
• Bank of Communications (BCMXY , quote) – 1.17%