Free Trial

Bank Q4 2023 NIM Falls Below 1.70% For First Time

CHINA PRESS
MNI (BEIJING)

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.