Stock market rout adds to China banks' woes
Big 5 lenders expected to report higher bad debts and smaller profit growth
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Shanghai
A STOCK market rout is set to add to the pain of China's banks, already grappling with slowing profit growth from a surge in bad loans and a series of interest rate cuts, by curbing robust growth in their fee-generating business.
The nation's five biggest lenders are expected to report higher non-performing loans (NPLs) and smaller profit growth from their core lending business when they announce interim results this week, led by Industrial & Commercial Bank of China on Thursday.
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