by bondevalue | Apr 30, 2021 | China, Financial Institutions
China’s large state-owned banks reported earnings in-line with estimates: China Construction Bank (CCB) led profit growth, up 2.8% YoY, reporting a net income of CNY 83.1bn ($12.9bn). Impairment losses rose to CNY 52.3bn ($8.1bn). The lender reported an NPL ratio of...
by bondevalue | Mar 31, 2021 | Banks, China
Chinese banking majors Bank of China and Agricultural Bank of China beat earnings estimates. Bank of China reported a net profit rise of 2.9% to CNY 192.9bn ($29.4bn), beating an estimated 8% drop YoY. Net interest margins was almost flat at 1.85%. NPLs rose to 1.46%...
