China's five big banks see faster profit growth

Source: Xinhua| 2018-04-07 20:45:16|Editor: Xiang Bo
Video PlayerClose

BEIJING, April 7 (Xinhua) -- China's five major banks reported faster net profit growth and lower bad loan rates in 2017.

The country's biggest bank, the Industrial and Commercial Bank of China (ICBC), saw its net profit up by 3 percent in 2017, while Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications all posted 4-percent-plus growth.

The five banks registered less than 2 percent or even negative growth in 2016.

Zeng Gang with the China Academy of Social Sciences attributed the growth to improved asset quality and rising net interest margins.

Many firms are more capable of paying back their loans as supply-side reform has helped their financial performance, easing the pressure on banks, Zeng added.

The non-performing loan rates of the five banks all fell last year, the first time in six years.

The banking regulator decided last month to lower required provision coverage ratio, a measure of funds set aside to cover bad loans. But four of the five banks raised their provision coverage ratio as their asset quality improved.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370939721
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲精品国产二区在线观看 | 亚洲中文字幕乱码少妇饥渴 | 最新中文国产一区二区 | 日韩欧美一区二区久久婷婷 | 在线观看91免费精品国产拍在线 | 在线播放亚洲欧美日韩 |