China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters
China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters

Retail loans a bright spot for China’s major banks as coronavirus continues to bite into profits

  • Officials from China’s biggest banks reported that credit card business rebounded during the third quarter
  • Still, banks’ bottom lines were weighed down by higher loan loss provisions, as borrowers hit hard by Covid-19 struggled to meet repayments

Topic |   China economy
China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters
China’s retail borrowers’ ability to repay will continue to improve going into the fourth quarter, the lenders forecast. Photo: Reuters
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