World Economy

Bad Loans

Bad LoansBad Loans

Industrial & Commercial Bank of China Ltd. reported its biggest jump in bad loans since 2006 as the nation’s property market slumped and the economy cooled. Nonperforming loans rose 9 percent in the third quarter from the previous three months, the Beijing-based bank said in an exchange filing today. Net income gained 7.7 percent from a year earlier to 72.4b yuan ($11.8b), Bloomberg reported.