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CHINA PRESS: NFRA To Guide Continuous Bank Profit Improvements

CHINA PRESS

The government will support banks to optimise their asset-liability structure and improve profitability after net interest margins fell 19 basis points to 1.54% in the first half, according to Liao Yuanyuan, director at the National Financial Regulatory Administration. Several private banks saw net profit decline in H1 due to increased provisioning, Liao added. Banks’ interest rate spreads will benefit from simultaneously lowering deposits and loans, and strengthening liability cost control, Dongxing Securities said in a report.

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

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