Profits up at China's big banks

Bets that their earnings will withstand the develeraging drive are helping their stock prices outperform smaller rivals

Published Thu, Aug 31, 2017 · 09:50 PM

    Beijing

    RESILIENT economic growth and a government campaign against excessive leverage are helping China's largest banks, curbing their bad loans and underpinning their net interest margins (NIM).

    Those factors helped the four biggest banks post higher-than-estimated second-quarter net income, led by Bank of China Ltd's 23 per cent surge, the biggest increase in six years.