by Amruth Sundarkumar | Sep 20, 2022 | Banks, China, Financial Institutions, Perpetual Bonds
Rising interest rates in the US, evident in US Treasury yields reaching decade highs, have compelled Chinese banks to call back their perpetual bonds (callable in September and October). Details can be seen in the table below: Given that the US 5Y yield has hit its...
by Amruth Sundarkumar | Aug 17, 2021 | Banks, China
China Merchants Bank (CMB) saw a 4x jump in non-performing loans (NPLs) in 1H2021 to CNY 4.3bn ($664mn) in the period, up from CNY 1.19bn ($180mn) at end-2020 with its NPL ratio on such loans at 1.07% vs. 0.3%. Overall NPLs stood at 1.01% vs. 1.07% end-2020. Property...
