The mainland's banking sector will boost the ratio of personal credit loans, Xinhua News Agency reported on Monday, citing Yi Gang, vice secretary of the People's Bank of China's monetary policies committee.

Outstanding personal credit loans will account for 3.5 per cent of the total 10 trillion yuan bank loans by the end of the year, up 2.5 per cent year-on-year, according to the vice secretary.

Mr Yi acknowledged that mainland banks could continue to face the risks of an increasing ratio of non-performance loans for a long period. However he added that the rise was definitely getting smaller because of the commercial banks efforts to boost the performance of their loans.

During the last two years, the mainland banks all focused on personal credit loans as their business growth engines.

Personal housing loans were the most active among the consumer-targeted loan products offered by the mainland commercial banks. They increased by 100 billion yuan in the first nine months of the year to 260 billion yuan.

Currently there are seven loan varieties offered by mainland banks: personal auto loans, student loans, house decoration loans, vocation loans, durable goods loans, mortgage loans and personal housing loans.