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2 China banks' bad-loan buffer below par
Published Sun, Oct 30, 2016 · 09:50 PM
Shanghai
TWO of China's biggest banks, Industrial & Commercial Bank of China Ltd and China Construction Bank Corp, are testing their regulator's tolerance by protecting profits at the expense of bad-loan buffers.
ICBC and China Construction Bank both reported loan-loss coverage ratios below a regulatory minimum of 150 per cent of existing non-performing loans when they disclosed third-quarter earnings.
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