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MNI BRIEF: China Banks See Slower Profit Growth, NPLs Stable

MNI (Singapore)

Chinese banks’ bad loan ratio remained low in the first half of the year, while growth in net profits decelerated, officials at National Administration of Financial Regulation told reporters on Thursday in a briefing.

Net profits by commercial banks totaled CNY1.3 trillion in H1, up 2.6%y/y, but growth was 4.5 percentage points lower than in the same period last year. As of the end of June, lenders’ assets were CNY406.2 trillion, up 10.5%y/y. (See MNI PBOC WATCH: Lower Rates Seen For Existing Mortgage Holders)

Outstanding bad loans stood at CNY4 trillion, increasing CNY202.1 billion in H1, and the bad loan ratio was 1.68%, down 0.08 percentage point.


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