China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg
China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg

China’s top banks swamped by wave of Covid-19 related bad loans see pandemic casting shadow on full-year profits

  • Senior Chinese bank officials expect more bad loan provisioning to come, resulting in further pressure on net profit for the full year
  • The mainland’s five leading commercial banks reported their maiden decline in profitability since the global financial crisis

Topic |   China economy
China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg
China’s banking sector has been weighed down bad loans related to the coronavirus pandemic. Photo: Bloomberg
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