Chinese banks performed well in the.....>

CHINA PRESS: Chinese banks performed well in the first three quarters this year,

with  net profits continuing to grow and the ratio of nonperforming loans

falling further, the Securities Daily reported Tuesday. State-owned banks grew

at a steady pace, according to listed banks' reports. The Industrial and

Commercial Bank of China was the biggest moneymaker, with its total net profit

increasing 2.22% compared with the first nine months of last year, to CNY229.09

billion. Net profits of city commercial banks mostly grew by double digits in

the period, with the highest growth rate above 18%. But some banks were forced

by regulators to scale back their balance sheets, the newspaper said.

(Securities Daily)