Profits up at China's big banks
Bets that their earnings will withstand the develeraging drive are helping their stock prices outperform smaller rivals
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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.
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