Key facts
- China Everbright Bank denied market rumors of concealing 20 billion yuan ($3 billion) in bad loans.
- The bank stated its operations are stable and it has no undisclosed major risks.
- Everbright reported first-quarter net profit of 11.5 billion yuan, an 8.1% decrease from the previous year.
China Everbright Bank Co. Ltd. has refuted market speculation that it was hiding approximately 20 billion yuan ($3 billion) in non-performing loans (NPLs). The Beijing-based lender asserted that its operations remain stable and that it faces no undisclosed significant risks. The rumors emerged due to a discrepancy in the bank's 2025 annual report, where the reported NPL balance was lower than the stock of credit-impaired assets calculated under accounting standards. For the first quarter of 2026, Everbright reported a net profit of 11.5 billion yuan, marking an 8.1% decrease compared to the same period in the prior year.