Four of China's 'Big Five' state-owned banks reported higher quarterly profits and slower growth in bad loans, helped by a resilient economy and checks on the shadow banking sector. The improved results from top lenders in the world's second-largest economy come after successive interest rate cuts dented their interest margins - a key gauge of profitability - while loan defaults rose sharply among struggling borrowers. The improvement has been aided by a cocktail of policy measures, such as debt-for-equity swaps for struggling state borrowers. Industrial and ...
China's top lenders see growth in Q3 net, tapering of bad loans
Non-performing loan ratios fell slightly at CCB, ICBC, BoCom and AgBank