The Shanghai branches of several mid-sized mainland banks have seen rapid increases in bad loans this year as private companies feel the pinch of the nationwide economic slowdown.Friday, 21 June, 2013, 7:36am
Bank of Communications (Bocom) said its existing capital could sustain the growth of the bank and it had no plan to raise funds in the equity market. The bank's net profit jumped 15 per cent to 58.3 billion yuan (HK$72.8 billion) last year, in line with market expectations. It declared a final dividend of 24 fen.28 Mar 2013 - 6:31am
The revenue and margins of the mainland banking industry are expected to fall in the next three years, according to a survey by the China Banking Association and PricewaterhouseCoopers China.8 Jan 2013 - 4:21am
Just how big the pool of bad loans is in the mainland's banking system has become a hot topic among economists and bankers, and even China's banking regulator, at financial forums in Beijing recently.19 Dec 2012 - 2:37am
Deterioration of asset quality and potential risks from wealth management products make for a gloomy outlook for mainland lenders next year, Fitch Ratings said yesterday.
The outlook for banks in the Asia-Pacific is stable, but China is one of the weakest spots in the region, the global credit rating agency said in a report.15 Dec 2012 - 3:12am
Mainland bad-loan risks are manageable although non-performing loans are on the rise, China Banking Regulatory Commission vice-chairman Cai Esheng said.
Although non-performing loans in some regions, such as Wenzhou, were rising, bad-loan risks were still under control, Cai said at a forum hosted by Caijing magazine yesterday.30 Nov 2012 - 2:53am
Non-performing loans at mainland banks have risen for a fourth consecutive quarter, and analysts say economic uncertainty will continue to put pressure on the asset quality of lenders.
Bad loans in the third quarter rose 22.4 billion yuan (HK$27.7 billion), or 4.9 per cent, to 478.8 billion yuan from the second quarter, the China Banking Regulatory Commission (CBRC) said yesterday.16 Nov 2012 - 2:47am
The mainland's leading state-owned lenders expect non-performing loans to remain steady in the fourth quarter as the economy stabilises.9 Nov 2012 - 3:59am
Citic Bank is stepping up its provisioning against potential bad loans, which analysts said is likely to weigh on its profit next year.
"The increase in provisions is our advanced plan to meet the regulatory requirement on the [loan-loss] provision ratio," Wang Kang, general manager of Citic's planning and finance department, said yesterday.31 Oct 2012 - 2:30am
Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has posted a forecast-beating 14.9 per cent rise in third-quarter earnings. The gains came from higher profit margins on its loans and a reduction in its provisions for bad loans.31 Oct 2012 - 8:16am