China's biggest banks stand exposed after profit buffers eroded
Govt mulls lower bad-loan provisions but that may create doubts about regulatory robustness
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
CHINA'S biggest banks stand exposed to their first annual profit declines in more than a decade.
That's because lenders such as Industrial & Commercial Bank of China (ICBC) and Bank of China have let their provision coverage for bad loans - a key swing factor in earnings reports - fall close to the regulatory minimum.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
