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Big 5 China banks post flat Q3 profits as they clean up bad loans
Add BT as a preferred sourcePublished Sun, Oct 30, 2016 · 09:50 PM
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Shanghai
CHINA'S biggest listed lenders, facing the country's slowest growth in more than a quarter century and rising borrower defaults, reported flat third-quarter profits as they moved to clean up bad debt on their balance sheets.
They also came under pressure as core lending became less profitable and produced less income.
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