Chinese commercial banks' bad loan ratio at 1.49% by end-June

BEIJING, Aug 15 (Reuters) - The non-performing loan ratio of commercial banks in China stood at 1.49% at the end of the second quarter this year, down 0.02 percentage points from the end of the first quarter, the National Financial Regulatory Administration said on Friday.

Commercial banks' net profits in the first half of this year reached 1.2 trillion yuan ($167.17 billion) and their capital adequacy ratio at the end of June was 15.58%, the NFRA statement showed.

($1 = 7.1785 Chinese yuan renminbi)