A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters
A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters

Chinese banks brace for bad debt blowout as coronavirus pandemic piles weight on to struggling, debt-ridden businesses

  • Bank of Communication expects non-performing loan level this year to ‘rebound’ from 2019, as coronavirus hit borrowers’ financial health
  • Three leading state-owned banks report stable non-performing loan levels in 2019, even amid slowing economy

Topic |   Dealing with debt
A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters
A man walks past a Bank of Communications branch in Hefei, in eastern China’s Anhui province. Photo: Reuters
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