You are here

China's big banks set for hard slog as margins fall

They also face increased sour debt, even as rate cuts eat into interest income
Thursday, September 1, 2016 - 05:50

BT_20160901_KVCHBANKS1JM18_2469591.jpg
ICBC, China's biggest bank by assets, on Tuesday reported near flat half-year profits, and has written off 44.8 billion yuan of bad debt in the first half.

Shanghai

FOUR of China's so-called "Big Five" state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second- biggest economy hits borrowers and saps lenders' margins.

Chinese banks, among the world's

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom