BEIJING, Dec 26 (Reuters) - Non-performing debt at Industrial and Commercial Bank of China, the nation's largest lender, will stand below 3.9 percent of total loans at the end of this year, its vice president Niu Ximing said on Tuesday.
Speaking to reporters on the sidelines of a financial forum, Niu said that the bank would strive to keep its non-performing loan ratio at 3.5 percent at the end of 2007.
At the end of June, that ratio stood at 4.1 percent.
The bank's once debt-ridden balance sheet was cleaned up after the government handed it $15 billion in state funds last year to kickstart a package of wide-ranging reforms.
ICBC (601398.SS: Quote, Profile , Research) (1398.HK: Quote, Profile , Research) raised $21.9 billion in funds following the world's biggest share offering in October.
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