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.
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...
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.
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...
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.
Mainland bad-loan risks are manageable although non-performing loans are on the rise, China Banking Regulatory Commission vice-chairman Cai Esheng said.
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.
The mainland's leading state-owned lenders expect non-performing loans to remain steady in the fourth quarter as the economy stabilises.
Citic Bank is stepping up its provisioning against potential bad loans, which analysts said is likely to weigh on its profit next year.
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...
China Merchants Bank's net profit grew 16.6 per cent in the third quarter from a year earlier, driven by a rise in interest income, but net interest margin dipped amid fierce competition.