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Bank Q4 2023 NIM Falls Below 1.70% For First Time

CHINA PRESS

Chinese Bank net interest margin (NIM) has fallen to 1.69% in Q4 2023, dropping below 1.70% for the first time, according to data released by the State Administration of Financial Supervision. A data breakdown showed NIM of large state-owned, joint-stock, city commercial, private, rural commercial, and foreign-funded banks was 1.62%, 1.76%, 1.57%, 4.39%, 1.90%, and 1.57% in Q4 2023 respectively. Additionally, banks saw their proportion of non-interest income fall to 19.93%, the third lowest reading on record, while non-performing loan ratios reached a record high. (Source: 21st Century Business Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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